Deutsche Bank Sponsors ADR for Ericsson

Deutsche Bank has been appointed as depositary bank for the NASDAQ-listed American Depositary Receipt (ADR) program for Swedish telecommunications company Ericsson.
By Jake Safane(2147484770)
Deutsche Bank has been appointed as depositary bank for the NASDAQ-listed American Depositary Receipt (ADR) program for Swedish telecommunications company Ericsson.

Deutsche Bank is sponsoring a Level II ADR program for Ericsson where one share of Ericsson listed on NASDAQ OMX Stockholm equals one share listed on NASDAQ in the U.S.

We are pleased to have been appointed successor depositary bank by Ericsson, one of the most prestigious companies in the Nordic region. Deutsche Bank will utilize its broad range of customized services to assist Ericsson in enhancing the visibility of its ADR program with the investor community,” says Jose Sicilia, global head of Global Equity Services at Deutsche Bank.

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