Deutsche Bank Appointed Depositary for Deutsche Lufthansa's ADR Programme
Deutsche Lufthansa has appointed Deutsche Bank as successor depositary bank for its sponsored Level I American depositary receipt (ADR) programme. Lufthansa is a global aviation group headquartered in Cologne, Germany.
The group operates in five business segments, each dedicated to high quality standards. The five units – the passenger airline group, logistics, maintenance, repair and operations MRO, IT services and catering – all play a leading role in the industry in which they operate. The Lufthansa group includes a total of more than 400 subsidiaries and associated companies.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: “We are delighted to be selected as successor depositary bank for this notable programme. We look forward to working with Lufthansa to further develop and enhance its ADR programme.”