Citi Appointed Depositary Bank for Loma Negra C.I.A.S.A.’s Level III ADR Program
November 16 2017 - 11:17AM
Business Wire
Citi’s Issuer Services business, acting through Citibank, N.A.,
has been appointed by Loma Negra C.I.A.S.A., Argentina’s largest
cement producer, as the depositary bank for its Level III American
Depositary Receipt (ADR) program.
Loma Negra’s ADR program was established through a $1.017
billion initial public offering, originally priced at $19.00 per
ADR. The ADRs are listed on the New York Stock Exchange under the
symbol “LOMA.” Each ADR represents five shares of Loma Negra. Loma
Negra’s underlying shares are listed on the Bolsas y Mercados
Argentinos S.A.
“We are honored to be appointed depositary bank for Loma Negra’s
ADR program,” said Dirk Jones, Head of Global Issuer Services at
Citi. “We are confident that our powerful platform will help to
deliver a high level of ADR service to Loma Negra and its
shareholders.”
Citi is a leading provider of depositary receipt services. With
depositary receipt programs in 61 markets, spanning equity and
fixed-income products, Citi leverages its global network to provide
cross-border capital market access to issuers, intermediaries and
investors.
For more information about Citi’s Depositary Receipt Services,
please visit www.citi.com/dr.
Loma Negra
Founded in 1926, Loma Negra is the leading cement company in
Argentina, producing and distributing cement, masonry cement,
aggregates, concrete and lime, products primarily used in
construction, which is expected by the Company to be one of the
fastest growing sectors of the Argentine economy in the coming
years. Loma Negra is Argentina’s only national,
vertically-integrated cement and concrete company, supported by
vast limestone reserves, strategically located plants, top-of-mind
brands and established distribution channels. The Company also owns
a 51% equity stake in an integrated cement production plant in
Paraguay, which is one of two leading cement producers in that
country.
Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: http://www.businesswire.com/news/home/20171116006062/en/
Media:CitiRobert Julavits,
212-816-8020robert.w.julavits@citi.com
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