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.
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
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