Citi, acting through Citibank N.A., has been appointed as depositary bank for Abengoa, a business that applies technology solutions for sustainability in energy and environment sectors, for its American Depositary Receipt (ADR) program. Abengoa’s American Depositary Shares (ADSs) trade on the NASDAQ Stock Market under the symbol “ABGB,” with each ADS representing five ordinary Class B shares. Abengoa’s Class B shares are listed on the Madrid and Barcelona stock exchanges.
Manuel Sanchez Ortega, CEO of Abengoa commented, “We are delighted to have Citi as our depositary bank and look forward to providing value to our shareholders by leveraging Citi’s value-added resources and strong track record.”
“We are delighted to be appointed depositary bank for Abengoa’s ADR program,” said Dirk Jones, Global Head of Securities and Fund Services Client Sales Management at Citi. “With our investor relations expertise and unparalleled global presence, Citi has a powerful platform to enable the success of Abengoa’s ADR program.”
Citi is a leading provider of Depositary Receipt Services. With Depositary Receipt programs in 55 markets, Citi leverages its global network to help companies connect to new markets and raise capital worldwide.About Abengoa: According to Abengoa (MCE: ABG.B), it applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. More information regarding Abengoa can be found at www.abengoa.com. About Citi: Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts