Citi Appointed Depositary Bank for OMV Petrom’s GDR Programme

Citi Appointed Depositary Bank for OMV Petrom’s GDR Programme
21.10.2016 08:45 am

Citi Appointed Depositary Bank for OMV Petrom’s GDR Programme


Citi’s Issuer Services business, acting through Citibank N.A., has been appointed by OMV Petrom S.A. (“OMV Petrom”), the largest oil and gas group in Southeastern Europe, as depositary bank for its Global Depositary Receipt (GDR) Programme. OMV Petrom’s GDRs are listed and trade on the London Stock Exchange (LSE) under the symbol “PETB” for the Regulation S GDRs and “PETR” for the Rule 144A GDRs, with each GDR equivalent to one hundred and fifty (150) ordinary shares. OMV Petrom’s ordinary shares are also listed and trade on the Bucharest Stock Exchange (BVB) under the symbol “SNP”.

Mr. Andreas Matje, CFO at OMV Petrom, commented, "OMV Petrom is pleased to work with one of the leading depositary banks in the world, with a proven track record and with whom we developed a longstanding relationship across various products."

“Citi is delighted to be appointed by OMV Petrom as depositary bank for its LSE Listed GDR Programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with OMV Petrom, leveraging our global equity distribution network and providing best-in-class service to assist them in fulfilling their goals.”

Related News

Tinkoff Wins The World's Best Digital Banks 2020 Awards in Five Nominations

Tinkoff has been recognized for its consumer banking, online treasury services and open banking APIs with the 2020 World’s Best Digital Banks awards by Global... Read more »

first direct Selects Mastercard as Partner for Debit Cards

first direct has selected Mastercard as its partner for its debit card portfolio. Customers will begin to receive cards from the end of this year, as part of a... Read more »

Mastercard and Pollinate Announce Global Commercial Partnership

Mastercard and Pollinate, the software business that is reinventing merchant acquiring for banks, have agreed to a strategic partnership that... Read more »

Avaloq Creates New Global Business Consulting Function to Complement Its Client Offering

Alain Gloden has been appointed as Global Head of Business Consulting to lead the company’s newly launched service. He is based in Zurich and reports to Paco Hauser, Avaloq... Read more »

Standard Chartered and Airtel Africa Partner to Drive Financial Inclusion Across Africa

Standard Chartered Bank ( and Airtel Africa have today... Read more »

Temenos Named a Visionary in Gartner’s 2020 Magic Quadrant for Multiexperience Development Platforms

Temenos (SIX: TEMN), the banking software company, announced it has been named a Visionary in ... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel