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."
Grupo Bimbo CFO Guillermo Quiroz said: "We look forward to working with Citi to grow and develop our ADR program.
"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."
Citi head of global issuer services Dirk Jones said: "We are proud to be appointed depositary bank for Grupo Bimbo’s ADR program.
"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.
