Deutsche Bank has been appointed successor depositary bank for the NYSE-Listed American depositary receipt (ADR) program of Statoil ASA, an international energy company.
The Norway-headquartered oil and gas production company has approximately 21,000 employees worldwide and is listed on the New York and Oslo stock exchanges.
We are delighted to be selected as Statoils depositary bank, says Akbar Poonawala, head of Global Equity Services at Deutsche Bank. This mandate represents significant recognition of Deutsche Banks superior client servicing capabilities from one of Norways most prestigious companies. Deutsche Bank will offer its broad range of customized services to assist Statoil in enhancing the visibility of its ADR program with the investor community.
(GC)