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American depositary receipt (ADR) program will facilitate greater North American investment in world's largest brewer
NEW YORK, July 1 /PRNewswire-FirstCall/ -- The Bank of New York Mellon (NYSE:BK), the global leader in asset management and securities servicing, has been selected by Anheuser-Busch InBev (AB InBev) as the depositary bank for its American depositary receipt (ADR) program. Each AB InBev ADR represents one ordinary share and trades on the over-the-counter (OTC) market under the ticker symbol "AHBIY." AB InBev's ordinary shares trade on the NYSE Euronext under the symbol "ABI."
Formed in November 2008 through the combination of InBev and Anheuser-Busch, AB InBev is the leading global brewer and one of the world's top five consumer products companies. AB InBev holds the number one or number two position in more than 20 key markets and manages a portfolio of nearly 300 brands, including global flagship brands Budweiser, Stella Artois and Beck's; fast growing multi-country brands like Leffe and Hoegaarden; as well as numerous local brands. AB InBev also owns an effective 50 percent equity interest in the operating subsidiary of Grupo Modelo, Mexico's leading brewer and owner of the Corona brand. Headquartered in Leuven, Belgium, Anheuser-Busch InBev has 120,000 employees in more than 30 countries worldwide. On a pro-forma basis for 2008, the combined company would have generated revenues of 39 billion USD. For more information, visit http://www.ab-inbev.com/.
"We are seeing significant interest in our stock in the U.S. and establishing this ADR program will facilitate ownership for a broader range of investors. We are pleased to be working with The Bank of New York Mellon and are confident that their expertise and capabilities will help drive a successful program," said Felipe Dutra, chief financial officer of AB InBev.
"AB InBev represents some of the most well known consumer brands in the world, and we intend to deliver world class DR services and support," said Michael Cole-Fontayn, chief executive officer of The Bank of New York Mellon's Depositary Receipt Division. "We believe the combination of The Bank of New York Mellon's resources with AB InBev's superior brand recognition will lead to the implementation of a highly successful ADR program, designed from the start to meet the highest levels of global investor demand."
The Bank of New York 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 unrivalled 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. Additional information is available at http://www.bnymellon.com/dr.
The Bank of New York Mellon Corporation 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 $19.5 trillion in assets under custody and administration, $881 billion in assets under management, services more than $11 trillion in outstanding debt, and processes global payments averaging $1.8 trillion per day. Additional information is available at http://www.bnymellon.com/.
This release is for informational purposes only. The Bank of New York 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: The Bank of New York Mellon Corporation
CONTACT: Dori Flanagan, +1-212-815-2291, , or
Joe Ailinger, +1-617-722-7571,
Web Site: http://www.bnymellon.com/