Deutsche Bank today announced its appointment as depositary bank for the non-capital raising American Depositary Receipt (ADR) program of CANCOM SE (CANCOM).
CANCOM (OTC US: CNCXY) is a TecDAX-listed integrated IT solutions provider headquartered in Munich, Germany. The Company is a cloud business transformation partner, offering services in planning, designing, implementation, hosting and servicing of complex cloud IT environments. CANCOM generated group revenue of EUR 613.8 million in 2013. CANCOM employs approximately 2,500 employees in Western Europe and about 50 in the United States.*
Jose Sicilia, Global Head of Global Equity Services at Deutsche Bank said, “We are delighted to act as depositary bank for CANCOM. Deutsche Bank will utilize its broad range of customized services to assist CANCOM with enhancing the visibility of its ADR program with the investor community.”
*Source: CANCOM SE (April 2014)