BNY Mellon Appointed as Depositary Bank by Austrian Post
NEW YORK, April 5, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed by Oesterreichische Post AG (Austrian Post) as the depositary bank for its American depositary receipt (ADR) program. Each Austrian Post ADR represents one-half of an ordinary share and trades over-the-counter under the symbol "OSTIY." Austrian Post's ordinary shares trade on the Vienna Stock Exchange under the symbol "POST."
Austrian Post is the leading logistics and postal services provider in Austria. Its main business activities include the transport and delivery of letters, direct mail items, print media and parcels. The branch network of Austrian Post ranks among the largest private customer networks in the country, offering high-quality postal, banking and telecommunications products and services to its customers throughout Austria. Austrian Post is also represented by subsidiaries in 12 European markets, particularly in the parcel and logistics segment, as well as in unaddressed direct mail items.
"The interest in Austrian Post from U.S. investors has increased strongly the last few years," said Harald Hagenauer, head of investor relations at Austrian Post. "We are committed to broadening our outreach in this important market. The launch of our ADR program will make it easier for an even wider group of U.S. investors to participate in our future performance."
"Austrian Post is one of several leading European companies to recently select BNY Mellon as their depositary bank," said Christopher Kearns, CEO of BNY Mellon's Depositary Receipts business. "We will work closely with Austrian Post's management team to increase their visibility and access to the U.S. investment community, drawing on our wide set of industry-leading resources."
BNY Mellon acts as depositary for more than 2,700 American and global depositary receipt programs, acting in partnership with leading companies from 68 countries. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of Dec. 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at bnymellon.com, or follow us on Twitter @BNYMellon
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
SOURCE BNY Mellon