Vallourec Appoints JP Morgan as Depositary Bank for ADR Programme
Vallourec, a premium tubular solutions firm serving the energy markets, has appointed JP Morgan as depositary bank for Vallourec’s American depositary receipt (ADR) programme.
Claudine Gallagher, global head of depositary receipts at JP Morgan, said: “We are delighted that Vallourec has selected JP Morgan as its depositary bank for its ADR programme. We look forward to building a long term relationship with Vallourec to support the company’s goal to attract new DR investments and deliver value to its shareholders.”
JP Morgan manages more than 70 blue-chip ADR programmes in Europe, including for other French companies such as Danone, Lafarge, sanofi-aventis, BNP Paribas and Peugeot.