BNY Mellon Named Successor Depositary Bank by Two European Blue-Chips, BASF and Orange

NEW YORK, Oct. 11, 2017 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, announced today that it has been appointed as the successor depositary bank by both BASF, the Germany-headquartered chemical company and Orange, the French multinational telecommunications company, for their American depositary receipt (ADR) programs. 

As of October 17, 2017, each BASF ADR will represent 0.25 ordinary shares. Currently, each BASF ADR still represents one ordinary share. The company's ADRs will continue to trade on the OTCQX under the symbol BASFY. BASF's ordinary shares trade on the Frankfurt, Zurich and London Stock Exchanges under the symbols "BAS" and "BFA." Each Orange ADR represents one ordinary share and trades on the New York Stock Exchange under symbol "ORAN." Orange's ordinary shares trade on the Euronext Paris Exchange under the symbol, "ORA."

"We are delighted to welcome BASF and Orange to BNY Mellon's depositary receipts group," said Christopher Kearns, CEO of BNY Mellon's Depositary Receipts business. "These two appointments demonstrate our continued long-term commitment to serving the depositary receipts markets."

Overall, BNY Mellon acts as a depositary bank for more than 1,000 issuers from 64 countries and accounts for a 57% in share of sponsored programs.

To learn more about BNY Mellon's Global Depositary Receipts Group, please visit our website or submit a request and a member of BNY Mellon's team will contact you.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2017, BNY Mellon had $31.1 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

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