Fresenius SE & Co. KGaA Begins Trading on OTCQX®
NEW YORK, Dec. 4, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Fresenius SE & Co. KGaA (OTCQX: FSNUY; Frankfurt Stock Exchange: FRE), a global healthcare group, has chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®, the best marketplace with qualified companies.
Fresenius began trading today on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We welcome Fresenius, the 10th DAX-traded company to join OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "The DAX index is comprised of the 30 largest, most liquid companies in Germany and we are proud that more than one-third of these companies have chosen OTCQX as their ADR venue in the U.S. By joining OTCQX, Fresenius is travelling across borders to provide its global investors with transparent disclosure and superior information distribution."
Deutsche Bank will serve as Fresenius' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Fresenius is a global health care group, providing products and services for dialysis, hospitals, and outpatient medical care. In addition, Fresenius focuses on hospital operation, as well as on engineering and services for hospitals and other health care facilities. In 2012, group sales were EUR 19.3 billion.
Fresenius trades in the U.S. on OTCQX under the symbol "FSNUY," where each ADR represents 0.125 ordinary shares.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
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SOURCE OTC Markets Group Inc.