Magnesita Refratarios SA Begins Trading on OTCQX®
NEW YORK, Feb. 28, 2014
NEW YORK, Feb. 28, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM),
operator of Open, Transparent and Connected financial marketplaces, today
announced that Magnesita Refratarios SA (BM&FBovespa: MAGG3; OTCQX: MFRSY), a
global leader in the manufacture and sale of refractory solutions and
industrial minerals, has chosen to have its American Depositary Receipts
(ADRs) trade on OTCQX®, ^ the best marketplace with qualified companies.
Magnesita begins trading today on OTCQX International Premier, a segment of
the OTCQX marketplace reserved for world-leading non-U.S. companies that are
listed on a qualified international exchange and provide their home country
disclosure to U.S. investors. U.S. investors can find current financial
disclosures and Real-Time Level 2 quotes for the company on
"We are pleased to welcome Magnesita, our 10^th Brazilian company, to OTCQX,"
said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Magnesita
joins the many global companies that have chosen OTCQX to provide their U.S.
investors transparent trading and convenient access to their news and
financials. We look forward to working with Magnesita as they continue to
expand the company's visibility in the U.S. market."
Deutsche Bank serves as Magnesita's Principal American Liaison ("PAL") on
OTCQX, responsible for providing professional guidance on OTCQX requirements.
Magnesita Refratarios SA is a global leader in the manufacture and sale of
refractory solutions and industrial minerals, dedicated to mining, producing
and trading an extensive line of refractory materials. Its products are used
mainly by the steel, cement and glass industries. At present, it operates 28
industrial plants and mines in Brazil, Germany, China, United States, France,
Belgium, Taiwan and Argentina, with a capacity to produce over 1.4 million
tons per year of refractories.
Magnesita will trade in the U.S. on OTCQX under the symbol "MFRSY," where each
ADR represents two ordinary shares.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected
financial marketplaces for 10,000 U.S. and global securities. Through our OTC
Link® ATS, we directly link a diverse network of broker-dealers that provide
liquidity and execution services for a wide spectrum of securities. We
organize these securities into marketplaces to better inform investors of
opportunities and risks – OTCQX®, The Best Marketplace with Qualified
Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting
Companies; and OTC Pink®, The Open Marketplace with Variable Reporting
Companies. Our data-driven platform enables investors to easily trade through
the broker of their choice at the best possible price and empowers a broad
range of companies to improve the quality and availability of information for
their investors. To learn more about how we create better informed and more
efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated
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SOURCE OTC Markets Group Inc.
Contact: Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428,
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