Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Program of BB Seguridade Participações S.A.
NEW YORK & SÃO PAULO--(BUSINESS WIRE)--Deutsche Bank today announced its appointment as depositary bank for the Level I American Depositary Receipt (ADR) program of Brazil-based BB Seguridade Participações S.A. (BB Seguridade).
“We are delighted to be appointed as the depositary bank for BB Seguridade’s ADR program. This appointment demonstrates Deutsche Bank’s continued commitment to its clients in Latin America. We look forward to working with BB Seguridade to enhance its ADR program visibility and broaden its investor base.”
BB Seguridade (OTC US: BBSEY) is an insurance and brokerage holding company controlled by Banco do Brasil S.A. (Banco do Brasil), the largest Brazilian and Latin American bank in terms of assets. Through its wholly-owned broker, BB Corretora, BB Seguridade distributes a wide variety of insurance related products via Banco do Brasil’s extensive distribution network. BB Seguridade’s portfolio of products includes life, rural, property and casualty insurances, pension plans, and premium bonds. BB Seguridade also works with nearly 20,000 authorized brokers across Brazil to offer mainly vehicle and other non-life insurance products. BB Seguridade is expanding into new businesses, with its recently created Brasildental to operate in the dental insurance segment, and in August 2013, it entered into the reinsurance market. Since 2013, BB Seguridade’s shares have been listed on the BM&FBOVESPA’s Novo Mercado under the ticker BBSE3.*
Jose Sicilia, Global Head of Global Equity Services at Deutsche Bank said, “We are delighted to be appointed as the depositary bank for BB Seguridade’s ADR program. This appointment demonstrates Deutsche Bank’s continued commitment to its clients in Latin America. We look forward to working with BB Seguridade to enhance its ADR program visibility and broaden its investor base."
*Source: BB Seguridade (March 2014)
About Deutsche Bank Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.
The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright©March 2014 Deutsche Bank AG. All rights reserved.