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Technip selects Deutsche Bank as depositary bank for ADR program

Aug 21, 2009 (Datamonitor via COMTEX) --

Company: Deutsche Bank AG (DB)

Technip, a French engineering services firm, has appointed Deutsche Bank as successor depositary bank for its American depositary receipt program.

Technip said that this transfer of the American depositary receipt (ADR) program will be seamless for ADR holders.

Akbar Poonawala, head of global equity services at Deutsche Bank, said: "We welcome Technip's decision to transfer its ADR program to Deutsche Bank's depositary receipts platform. Our broad range of customized services will be used to assist Technip in enhancing the visibility of its ADR program with the US investor community." 

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Company: Deutsche Bank AG (DB)


Related terms: bank, equity

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