The Bank of New York Mellon has been selected by Anheuser-Busch InBev (AB InBev) as the depositary bank for its American depositary receipt (ADR) program. Each AB InBev ADR represents one ordinary share and trades on the over-the-counter (OTC) market under the ticker symbol AHBIY. AB InBevs ordinary shares trade on the NYSE Euronext under the symbol ABI.
Formed in November 2008 through the combination of InBev and Anheuser-Busch, AB InBev is the brewer and consumer products company. AB InBev holds the number one or number two position in more than 20 key markets and manages a portfolio of nearly 300 brands, including brands Budweiser, Stella Artois and Becks; fast growing multi-country brands like Leffe and Hoegaarden; as well as numerous local brands.
We are seeing significant interest in our stock in the U.S. and establishing this ADR program will facilitate ownership for a broader range of investors. We are pleased to be working with The Bank of New York Mellon and are confident that their expertise and capabilities will help drive a successful program, says Felipe Dutra, chief financial officer of AB InBev.
AB InBev represents some of the most well known consumer brands in the world, and we intend to deliver world class DR services and support, says Michael Cole-Fontayn, chief executive officer of The Bank of New York Mellons Depositary Receipt Division. We believe the combination of The Bank of New York Mellons resources with AB InBevs superior brand recognition will lead to the implementation of a highly successful ADR program, designed from the start to meet the highest levels of global investor demand.
L.D.