Citi Appointed Depositary Bank for Grupo Bimbo S.A.B. de C.V.’s ADR Program
May 02 2016 - 4:23PM
Business Wire
Citi, acting through Citibank N.A., has been appointed by Grupo
Bimbo S.A.B. de C.V. as the depositary bank for its sponsored Level
1 American Depositary Receipt (ADR) program.
Grupo Bimbo’s ADRs trade in the U.S. over-the-counter (OTC)
market under the symbol “BMBOY,” with each ADR representing four
ordinary shares. Grupo Bimbo’s ordinary shares are listed on the
Mexican Stock Exchange under the symbol “BIMBO.”
“We look forward to working with Citi to grow and develop our
ADR program,” said Guillermo Quiroz, CFO of Grupo Bimbo. “This
program will allow us to diversify the shareholder base in line
with our global profile with the same firm commitment to creating
sustainable value over the long term.”
“We are proud to be appointed depositary bank for Grupo Bimbo’s
ADR program,” said Dirk Jones, Head of Global Issuer Services at
Citi. “With Citi’s investor relations expertise and global
presence, we are confident that our powerful platform will help
enable the success of Grupo Bimbo’s ADR program.”
Citi is a leading provider of depositary receipt services. With
depositary receipt programs in 56 markets, spanning equity and
fixed-income products, Citi leverages its global network to provide
cross-border capital market access to issuers, intermediaries and
investors.
For more information about Citi’s Depositary Receipt Services,
please visit www.citi.com/dr.
Grupo Bimbo
Grupo Bimbo is the largest baking company in the world in terms
of volume and sales. Grupo Bimbo has 162 plants and approximately
1,700 sales centers strategically located in 22 countries
throughout the Americas, Europe and Asia. Its main product lines
include fresh and frozen sliced bread, buns, cookies, snack cakes,
english muffins, bagels, pre-packaged foods, tortillas, salted
snacks and confectionery products, among others. Grupo Bimbo
produces over 10,000 products and has one of the largest direct
distribution networks in the world, with more than 2.5 million
points of sale, more than 52,000 routes and more than 127,000
associates. Grupo Bimbo’s shares have traded on the Mexican Stock
Exchange since 1980 under the ticker symbol BIMBO.
Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: http://www.businesswire.com/news/home/20160502006238/en/
CitiRobert Julavits, 212-816-8020robert.w.julavits@citi.com
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