Deutsche Bank today announced its appointment as depositary bank for the
Level I American Depositary Receipt (ADR) program of Brazil-based BB
Seguridade Participações S.A. (BB Seguridade).
BB Seguridade (OTC US: BBSEY) is an insurance and brokerage holding
company controlled by Banco do Brasil S.A. (Banco do Brasil), the
largest Brazilian and Latin American bank in terms of assets. Through
its wholly-owned broker, BB Corretora, BB Seguridade distributes a wide
variety of insurance related products via Banco do Brasil’s extensive
distribution network. BB Seguridade’s portfolio of products includes
life, rural, property and casualty insurances, pension plans, and
premium bonds. BB Seguridade also works with nearly 20,000 authorized
brokers across Brazil to offer mainly vehicle and other non-life
insurance products. BB Seguridade is expanding into new businesses, with
its recently created Brasildental to operate in the dental insurance
segment, and in August 2013, it entered into the reinsurance market.
Since 2013, BB Seguridade’s shares have been listed on the BM&FBOVESPA’s
Novo Mercado under the ticker BBSE3.*
Jose Sicilia, Global Head of Global Equity Services at Deutsche Bank
said, “We are delighted to be appointed as the depositary bank for BB
Seguridade’s ADR program. This appointment demonstrates Deutsche Bank’s
continued commitment to its clients in Latin America. We look forward to
working with BB Seguridade to enhance its ADR program visibility and
broaden its investor base."
*Source: BB Seguridade (March 2014)
About Deutsche Bank Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global
Transaction Banking, is one of the leading providers of trustee, agent,
depositary, registrar, SPV management and related services for a wide
range of financial structures and transactions. It is a leading
depositary for American and Global Depositary Receipts, providing
value-added services to companies raising capital in international
markets or listing on the New York, NASDAQ, London, Luxembourg,
Singapore or NASDAQ Dubai stock exchanges by means of depositary
receipts. It also offers both mutual and alternative fund administration
and provides securities custody, clearing and agency lending services
from a global network spanning more than 30 markets. Additional details
are available on www.adr.db.com
or www.tss.db.com.
This announcement appears as a matter of record only. This announcement
has been approved and/or communicated by Deutsche Bank AG New York.
The Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service
which is the subject of this notice is not available to retail clients
as defined by the UK Financial Conduct Authority. This notice has been
approved and/or communicated by Deutsche Bank AG New York. The services
described in this notice are provided by Deutsche Bank Trust Company
Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in
accordance with appropriate local registration and regulation. Deutsche
Bank is providing the attached notice strictly for information purposes
and makes no claims or statement, nor does it warrant or in any way
represent, as to the accuracy or completeness of the details contained
herein or therein. This announcement appears as a matter of record only.
Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other
issuer or entity for the purchase or sale of any securities nor does it
constitute a solicitation to any person in any jurisdiction where
solicitation would be unlawful. No part of this notice may be copied or
reproduced in any way without the prior written consent of Deutsche
Bank. Past results are not an indication of future performance.
Copyright©March 2014 Deutsche Bank AG. All rights reserved.
Copyright Business Wire 2014