Deutsche Bank appointed depository of Asciano 11 February 2014Sydney Reporter: Daniel Jackson
Image: Shutterstock
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."
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 