Deutsche Bank has been appointed as depository bank for the non-capital raising sponsored Level I American depository receipt programme of Australia-based Asciano Limited.
Asciano is Australia’s largest national rail freight and cargo port operator.
The company is an Australian provider of critical logistics services within essential infrastructure-based supply chains.
Asciano occupies all major segments of the import, export and domestic supply chains to provide a freight service offering.
The company has annual revenues of $3.3 billion and employs more than 8000 full-time employees across Australia and New Zealand.
Naomi Flutter, head of global transaction banking in Australia and New Zealand at Deutsche Bank, said: “We are delighted to be appointed as the depositary bank for Asciano’s ADR programme. We look forward to working to enhance Asciano’s ADR programme visibility and to broaden its investor base."
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