Deutsche Bank today announced its appointment as successor depositary bank for the NYSE-Listed American Depositary Receipt (ADR) program of Statoil ASA (Statoil).
Statoil is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, it is committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with approximately 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to be selected as Statoil’s depositary bank. This mandate represents significant recognition of Deutsche Bank’s superior client servicing capabilities from one of Norway’s most prestigious companies. Deutsche Bank will offer its broad range of customized services to assist Statoil in enhancing the visibility of its ADR program with the investor community.”
*Source: Statoil ASA (January 2013)