Technip, a provider of portfolio of solutions and technologies in the fields of project management, engineering and construction for the oil & gas industry, has appointed Deutsche Bank as successor depositary bank for its American Depositary Receipt (ADR) program.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: We welcome Technip’s decision to transfer its ADR program to Deutsche Bank’s depositary receipts platform. Our broad range of customized services will be used to assist Technip in enhancing the visibility of its ADR program with the United States investor community.
