BNP Paribas completes listing of Aperam 21 February 2011London Reporter: Ben Wilkie
Image: Shutterstock
BNP Paribas Securities Services has completed the multi-market listing of Aperam, ArcelorMittal’s recently spun-off stainless and specialty steels division. ??
The deal, which saw BNP Paribas Securities Services act as technical adviser and agent for the listing of Aperam’s shares on NYSE Euronext in Amsterdam and Paris and on the Luxembourg Stock Exchange, constitutes the bank’s first listing in the Netherlands. ??
The development reaffirms BNP Paribas Securities Services’ commitment to serving companies in the Dutch market, and its ability to undertake complex, multi-country, multi-jurisdictional listings. ??
The multi-market nature of the spin-off required BNP Paribas Securities Services to work closely with the three stock exchanges in the Netherlands, Luxembourg and France and their respective Central Securities Depositaries (CSDs), as well as the Spanish Stock Exchange and CSD where ArcelorMittal’s shares are listed. ??
Commenting on the listing, Bernard Fontana, CEO of Aperam said: “We are delighted with BNP Paribas Securities Services’ efforts in implementing our listing. Their experienced team had the technical expertise and global presence required, for the successful completion of our listing in Paris, Amsterdam - Aperam’s Euronext market of reference where our share is included in the AEX index - and Luxembourg.”
Pascal Pommier, head of corporate and issuers, BNP Paribas Securities Services, added: “We are delighted to have successfully completed this listing for ArcelorMittal with whom we have a longstanding relationship. ??“Working on the spin-off has added a new dimension to our relationship, and we hope this deal demonstrates our dedication towards supporting our clients’ global expansion plans.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 