Citi has been appointed as successor depository bank for AB Electroluxs sponsored Level 1 American Depository Receipt (ADR) program.
Electroluxs ADR program trades in the OTC marketplace under the symbol “ELUXY”, with two ordinary shares represented by 1 ADR. AB Electrolux’s ordinary shares are listed on the NASDAQ OMX Stockholm.
Dirk Jones, global head of Securities and Fund Services Client Sales Management at Citi, said: “We look forward to working closely with Electrolux and leveraging Citi’s global distribution network to maximize the value and the visibility of their ADR program.”
(JDC)