More NewsDeutsche Bank Appointed Depositary for Deutsche Lufthansa’s ADR Programme

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.”

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