NEW YORK, Jan. 24, 2012 /PRNewswire/ -- BNY Mellon, the
global leader in investment management and investment services, has
been selected as successor depositary by Eni S.p.A. for its
American depositary receipt (ADR) program. Each Eni ADR
represents two ordinary shares and trades on the New York Stock
Exchange under the symbol "E." Eni's ordinary shares trade on
the Milan Stock Exchange under the symbol "ENI."
Eni is an integrated energy company operating in the oil and
gas, electricity generation and sale, petrochemicals, oilfield
services construction, and engineering industries.
Headquartered in Rome, Eni is
active in 79 countries with around 80,000 employees.
"The creation of new DR programs and high trading volumes have
attested to the robust investor demand for energy stocks," said
Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts
business. "As successor depositary bank, our experts will
work closely with Eni's IR team to broaden its outreach to global
investors and help them build on their existing success."
BNY Mellon works with some of the largest oil and gas companies
in the world and serves as depositary for 74% of all oil and gas
producer DR programs globally. Eni also is a constituent of
BNY Mellon's Europe Oil and Gas ADR Index.
BNY Mellon acts as depositary for more than 2,500 American and
global depositary receipt programs, acting in partnership with
leading companies from 65 countries. With an unrivaled commitment
to helping securities issuers succeed in the world's rapidly
evolving financial markets, the company delivers the industry's
most comprehensive suite of integrated depositary receipt,
corporate trust and stock transfer services. Learn more at
www.bnymellon.com/dr.
BNY Mellon is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 36 countries and serving more than 100 markets.
BNY Mellon is a leading provider of financial services for
institutions, corporations and high-net-worth individuals, offering
superior investment management and investment services through a
worldwide client-focused team. It has $25.8 trillion in assets under custody and
administration and $1.26 trillion in
assets under management, services $11.8
trillion in outstanding debt and processes global payments
averaging $1.5 trillion per
day. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Learn more at
www.bnymellon.com and through 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 Agency
Guarantee.
SOURCE BNY Mellon