Citi has been appointed by Delhaize Group (“Delhaize”), an international food retailer based in Belgium, as the successor depositary bank for its American Depositary Receipt (ADR) program.
Delhaize Group’s ADRs currently trade on the New York Stock Exchange (NYSE) under the symbol DEG. The company’s ordinary shares trade on Euronext Brussels under the symbol DELB. Each ADR represents one ordinary share.
“We are pleased with the appointment of Citi as new ADR depositary and are looking forward to developing a strong working relationship with Citi, which I am sure will benefit both Delhaize Group and its ADR holders,” says Guy Elewaut, senior vice president of Strategy and External Communications at Delhaize Group.
“Delhaize Group is a premier client of Citi with a prominent multinational franchise, and we are delighted to be serving as their new depositary bank,” says Nancy Lissemore, global head of Depositary Receipt Services at Citi. “We look forward to assisting them in optimizing the benefits of their ADR program.”
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