Oriflame Cosmetics names Deutsche as depository bank
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Oriflame Cosmetics names Deutsche as depository bank 21 February 2013New York and Stockholm Reporter: Jenna Jones
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Oriflame Cosmetics S.A. has appointed Deutsche bank as depositary bank for its sponsored Level I American Depository Receipt (ADR) programme.
Oriflame Cosmetics is an international beauty company selling Swedish, nature-inspired beauty products in more than 60 countries worldwide.
Oriflame is a Luxembourg company group with corporate offices in Luxembourg and Switzerland. The company is also listed on the NASDAQ OMX Nordic Exchange.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: “We are delighted to be selected as depository bank for this notable company and look forward to working with Oriflame to further enhance its ADR investor relations and to develop the programme.”
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