Deutsche Bank today announced its appointment as successor depositary bank for the NYSE-Listed American Depositary Receipt (ADR) program of Statoil ASA (Statoil).
Statoil is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, it is committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with approximately 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to be selected as Statoil’s depositary bank. This mandate represents significant recognition of Deutsche Bank’s superior client servicing capabilities from one of Norway’s most prestigious companies. Deutsche Bank will offer its broad range of customized services to assist Statoil in enhancing the visibility of its ADR program with the investor community.”
*Source: Statoil ASA (January 2013)About Deutsche Bank Trust & Securities Services Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com. This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.