Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Program of Movida Participações S.A.
NEW YORK--(BUSINESS WIRE)--Feb 8, 2019--Deutsche Bank announced today its appointment as successor depositary bank for the sponsored Level I American Depositary Receipt Program of Movida Participações S.A. (OTC: MOVYY).
Movida is a Brazilian car rental company which offers multiplatform urban mobility solutions with a fleet of over 88,000 cars and 244 stores, 184 of which are rent-a-car (RAC) and 60 which provide for used cars sales. Created in 2006 and acquired by JSL in 2013, Movida uses modern technology to offer solutions to various types of mobility needs, such as cars, trikes and electric bikes.*
“The appointment of Deutsche Bank as depositary bank for the Movida Participações Level I American Depositary Receipt program demonstrates our ongoing commitment to the Brazilian market,” said Brian Studdert, Global Head of Depositary Receipts at Deutsche Bank. “Our broad range of customized services will be used to help Movida Participações drive the program’s future success.”
In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.
* This information was provided by Movida Participações S.A. (February 2019).
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
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© February 2019 Deutsche Bank AG. All rights reserved.
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CONTACT: For further information, please contact:Deutsche Bank AG
Press & Media RelationsOlayinka Fadahunsi
Phone: +1 212 250-8159
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING CONSULTING FINANCE
SOURCE: Deutsche Bank
Copyright Business Wire 2019.
PUB: 02/08/2019 10:20 AM/DISC: 02/08/2019 10:20 AM