Deutsche Bank has been appointed as successor depositary bank for the Technips American Depositary Receipt (ADR) program. This transfer of the ADR program will be seamless for ADR Holders.
Technip is engaged in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.
We welcome Technips decision to transfer its ADR program to Deutsche Banks depositary receipts platform. Our broad range of customized services will be used to assist Technip in enhancing the visibility of its ADR program with the United States investor community, says Akbar Poonawala, head of Global Equity Services at Deutsche Bank.
L.D.