Deutsche Bank today announced its appointment as depositary bank for the London Stock Exchange-listed and Moscow Exchange-listed Global Depositary Receipt (GDR) programme of Lenta Ltd (Lenta).
Lenta is incorporated in the British Virgin Islands and is Russia’s second largest hypermarket operator by sales in 2013. The Company was founded in 1993 in St. Petersburg, and as of 31 January 2014, operated 77 hypermarkets in 45 cities across Russia and 10 supermarkets in Moscow and the Moscow region with a total selling space of approximately 508,000 sq.m. The Company operates four distribution centres for hypermarkets and one for supermarkets and employed approximately 27,800 people, as of 31 December 2013.*
Jose Sicilia, Global Head of Global Equity Services, at Deutsche Bank said, “We are delighted to have been appointed as depositary bank by Lenta on this ground breaking transaction which involves the first ever simultaneous admission to trading of GDRs on the London and Moscow stock exchanges.
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 https://www.adr.db.com or www.tss.db.com.