Deutsche Bank has been named depositary bank for the Global Depositary Receipt (GDR) program of Russia-based Open Joint-Stock Company, Sofrinskiy Experimental Mechanical Plant (JSC Sofrinskiy).
JSC Sofrinskiy is a large manufacturing plant in the Russian Federation, occupying more than seven hectares and dedicated to the production of welded tin cans.
Akbar Poonawala, head of Global Equity Services at Deutsche Bank said: We are delighted to be appointed as the depositary bank for JSC Sofrinskiys GDR program. We look forward to working with JSC Sofrinskiy in the management of its program and are pleased to expand our portfolio of Russian GDR issuers.
(JDC)