Deutsche Bank has been appointed as successor bank for the non-capital raising sponsored Level I American depository receipt programme of Veolia Environnement.
Veolia (OTC: VEOEY) designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries.
In 2014, Veolia supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy, and converted 31 million metric tons of waste into new materials and energy.
Jose Sicilia, head of depository receipts, institutional cash and securities services at Deutsche Bank, commented: “We are pleased to have been appointed successor depository bank by Veolia. Our broad range of customised services will be used to assist Veolia to optimise the visibility of its ADR programme with the investor community.”
Deutsche Bank’s depository receipts team is part of the issuer services business within the bank’s institutional cash and securities services unit.
