Citi has been appointed by the Swedish bank SEB as depositary bank for SEB’s sponsored Level 1 American Depositary Receipt (ADR) program.
SEB’s ADR will trade OTC under the symbol “SKVKY”. Each ADR represents 1 ordinary share of SEB listed on the Nasdaq OMX Stockholm Stock Exchange, which is listed under the symbol “SEB A”.
“SEB has a substantial overseas investor base and we are excited about the prospect of working with Citi to gain further access to U.S. investors through the ADR program,” says Ulf Grunnesjö, SEB’s head of Investor Relations.
SEB Appoints Citi for Level 1 ADR
Citi has been appointed by the Swedish bank SEB as depositary bank for SEB's sponsored Level 1 American Depositary Receipt (ADR) program.