NEW YORK, Jan. 29, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been appointed by Groupe Gorge as depositary bank for its American depositary receipt (ADR) program. Each Groupe Gorge ADR represents one ordinary share and trades over-the-counter under the symbol "GGRGY." Groupe Gorge's ordinary shares trade on NYSE Euronext under the symbol "GOE."
Established in 1990, Paris-based Groupe Gorge is an industrial group operating in four major business areas: intelligent safety systems, used for work in risky environments; nuclear protection environments, used to secure people and buildings housing radioactive materials; industrial projects and services; and 3D Printing, which provides systems, printers and material. The company employs about 1,300 people and operates in more than 10 countries.
"Keen interest from American investors has led Group Gorge to launch the year's first ADR program from France," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business. "As depositary bank, we look forward to supporting Group Gorge's efforts to raise and expand its global profile."
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 35 countries and more than 100 markets. As of Dec. 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration, and $1.6 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 www.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. BNY Mellon provides no advice nor recommendations or endorsement with respect to any company, security or products based on any index licensed by BNY Mellon, and we make no representation regarding the advisability of investing in the same.
SOURCE BNY Mellon