BNY Mellon Appointed as Successor Depositary Bank by Grupo TMM, S.A.B.
December 18 2009 - 8:35AM
PR Newswire (US)
NEW YORK, Dec. 18 /PRNewswire-FirstCall/ -- BNY Mellon, the global
leader in asset management and securities servicing, has been
selected by Grupo TMM, S.A.B. (Grupo TMM) as successor depositary
bank for its American depositary receipt (ADR) program. Each Grupo
TMM ADR represents five common shares and trades on the New York
Stock Exchange under the symbol "TMM." The common shares trade on
the Bolsa Mexicana de Valores under the symbol "TMM A."
Headquartered in Mexico City, Grupo TMM is a Mexican intermodal
transportation and logistics company. Through its branch offices
and network of subsidiary companies, Grupo TMM provides a dynamic
combination of ocean and land transportation services. "When a
highly experienced DR issuer like Grupo TMM appoints us as
successor depositary bank, a clear message is sent to the
marketplace highlighting our proven track record and commitment to
the business," said Michael Cole-Fontayn, chief executive officer
of BNY Mellon's Depositary Receipts business. "We are pleased to be
serving as Grupo TMM's successor depositary and look forward to
putting our extensive resources to work for them." BNY Mellon acts
as depositary for more than 2,100 American and global depositary
receipt programs, acting in partnership with leading companies from
67 countries. With an unrivaled commitment to helping securities
issuers succeed in the world's rapidly evolving financial markets,
the company delivers the industry's most comprehensive suite of
integrated depositary receipt, corporate trust and stock transfer
services. Learn more at http://www.bnymellon.com/dr. BNY Mellon is
the corporate brand of The Bank of New York Mellon Corporation
(NYSE:BK). BNY Mellon is a global financial services company
focused on helping clients manage and service their financial
assets, operating in 34 countries and serving more than 100
markets. The company is a leading provider of financial services
for institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has $22.1 trillion in
assets under custody and administration and $966 billion in assets
under management, services $11.9 trillion in outstanding debt and
processes global payments averaging $1.6 trillion per day.
Additional information is available at bnymellon.com. This release
is for informational purposes only. BNY Mellon provides no advice
nor recommendation or endorsement with respect to any company or
securities. Nothing herein shall be deemed to constitute an offer
to sell or a solicitation of an offer to buy securities. Depositary
Receipts: Not FDIC, State or Federal Agency Insured; May Lose
Value; No Bank, State or Federal Agency Guarantee. DATASOURCE: BNY
Mellon CONTACT: Dori Flanagan, +1-212-815-2291, , or Joseph F.
Ailinger Jr., +1-617-722-7571, , both of BNY Mellon Web Site:
http://www.bnymellon.com/
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