The Bank of New York Mellon Appointed Successor Depositary Bank by Intesa Sanpaolo S.p.A.
24 März 2008 - 1:15PM
PR Newswire (US)
NEW YORK, March 24 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon, a global leader in securities servicing, has been selected
by Intesa Sanpaolo S.p.A. (Intesa Sanpaolo) as successor depositary
bank for its American depositary receipt (ADR) program. Each Intesa
Sanpaolo ADR represents six ordinary shares. The ADRs trade on the
over-the-counter (OTC) market under the symbol "ISNPY." The
ordinary shares trade on the Borsa Italiana under the symbol "ISP."
Intesa Sanpaolo is a new banking group resulting from the merger
between Banca Intesa and Sanpaolo IMI. It has leadership in the
Italian market with 6,100 branches serving 10.7 million customers
and a strong international presence focused on Central-Eastern
Europe and the Mediterranean basin. "We are pleased to be serving
as the new depositary for Intesa Sanpaolo, one of Italy's largest
DR issuers," said Christopher Sturdy, executive vice president and
head of The Bank of New York Mellon's Depositary Receipt Division.
"As the depositary for 72% of all sponsored DR programs in the
banking sector, we will leverage our expertise to help Intesa
Sanpaolo heighten the visibility of its DR program throughout the
global markets." The Bank of New York Mellon's Depositary Receipt
business is conducted through The Bank of New York subsidiary,
which acts as depositary for more than 1,300 American and global
depositary receipt programs, acting in partnership with leading
companies from 63 countries. With an unrivalled 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. Additional information is
available at http://www.adrbny.com/. The Bank of New York Mellon
Corporation is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The
company is a leading provider of financial services for
institutions, corporations and high net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has more than $23
trillion in assets under custody and administration, more than $1.1
trillion in assets under management and services $11 trillion in
outstanding debt. Additional information is available at
bnymellon.com. This release is for informational purposes only. The
Bank of New York 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. DATASOURCE: The Bank of New York
Mellon Corporation CONTACT: Dori Flanagan, +1-212-815-2291, Web
site: http://www.bnymellon.com/ http://www.adrbny.com/
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