BNY Mellon Named Depositary for Ambev S.A.'s ADR listing on New York Stock
New depositary receipt program helps facilitate corporate reorganization
NEW YORK, Nov. 18, 2013
NEW YORK, Nov. 18, 2013 /PRNewswire/ -- BNY Mellon, the global leader in
investment management and investment services, has been appointed by Ambev
S.A. as depositary bank for its American Depositary Receipt (ADR) program.
Each Ambev ADR represents one ordinary share and trades on the New York Stock
Exchange under the symbol "ABEV." Ambev's ordinary shares trade on the BM&F
Bovespa under the symbol "ABEV3."
Ambev and its subsidiaries produce, distribute and sell beer, carbonated soft
drinks, and other non-alcoholic and non-carbonated products in 16 countries
across the Americas. The company conducts its operations through three
business units: Latin America North includes Ambev operations in Brazil,
Central America and the Caribbean; Latin America South includes operations in
South America outside Brazil; and Canada is represented by Labatt's operations
and includes domestic sales in Canada.
"Our broad experience with complex corporate reorganizations involving DRs
will be brought to bear in supporting this important milestone in Ambev's
history," said Christopher Kearns, CEO of BNY Mellon's Depositary Receipts
business. "We look forward to further helping the company tap into the U.S.
and global investment communities."
BNY Mellon acts as depositary for more than 2,700 American and global
depositary receipt programs, acting in partnership with leading companies from
68 countries. BNY Mellon is committed to helping securities issuers access the
world's rapidly evolving financial markets and delivers a comprehensive suite
of depositary receipt services. Learn more at www.bnymellon.com/dr
BNY Mellon is a global investments company dedicated to helping its clients
manage and service their financial assets throughout the investment lifecycle.
Whether providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment management and
investment services in 35 countries and more than 100 markets. As of Sept. 30,
2013, BNY Mellon had $27.4 trillion in assets under custody and/or
administration, and $1.5 trillion in assets under management. BNY Mellon can
act as a single point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn
more at www.bnymellon.com, or follow us on Twitter @BNYMellon.
This release is for informational purposes only. BNY Mellon provides no advice
nor recommendation or endorsement with respect to any company or securities.
Nothing herein shall be deemed to constitute an offer to sell or a
solicitation of an offer to buy securities. Depositary Receipts: Not FDIC,
State or Federal Agency Insured; May Lose Value; No Bank, State or Federal
Contact: Joseph F. Ailinger Jr. Dori Flanagan
+1 617-722-7571 +1 212-815-2291
SOURCE BNY Mellon
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