The Bank of New York Mellon Selected as Successor Depositary Bank by Grupo Televisa, S.A.B.
September 20 2007 - 8:00AM
PR Newswire (US)
NEW YORK, Sept. 20 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon, a global leader in asset management and securities
servicing, has been selected as successor depositary by Grupo
Televisa, S.A.B. (Televisa) for its depositary receipt (DR)
program. Televisa's DRs trade on the New York Stock Exchange (NYSE)
under the symbol "TV." The company's shares trade as Ordinary
Participation Certificates, or CPOs, on Mexico's stock exchange,
the Bolsa Mexicana de Valores (BMV). Each Televisa DR represents
five CPOs. Televisa's equity securities have been listed on the BMV
since 1991 and its DRs have been listed on the NYSE since 1993.
Grupo Televisa is a holding company based in Mexico and is a major
participant in the international entertainment business. It has
interests in television production and broadcasting, production of
pay television networks, international distribution of television
programming, direct-to-home satellite services, publishing and
publishing distribution, cable television, radio production and
broadcasting, professional sports and live entertainment, feature
film production and distribution, and the operation of a horizontal
Internet portal. Grupo Televisa also owns an unconsolidated equity
stake in La Sexta, a free-to-air television venture in Spain.
Christopher Sturdy, executive vice president and head of The Bank
of New York Mellon's Depositary Receipt Division, said, "We look
forward to partnering with Televisa and providing best-in-class
service to help the company heighten the visibility of its DRs
within the U.S. buy- and sell-side communities. Our specialization,
stability, scale and scope differentiate us in Latin America, where
we act as depositary for three of every four DR programs." The Bank
of New York Mellon has been conducting business in Latin America
for over 100 years. The Company has representative offices in
Argentina, Mexico and Brazil, and offers a full range of securities
servicing, global payments, asset management and trade finance
products. The Bank of New York Mellon's Depositary Receipt business
is conducted through The Bank of New York subsidiary, which acts as
depositary for more than 1,270 American and global depositary
receipt programs, acting in partnership with leading companies from
60 countries. With an unrivalled commitment to helping securities
issuers succeed in the world's rapidly evolving financial markets,
the Company delivers the industry's most comprehensive suite of
integrated depositary receipt, corporate trust, and stock transfer
services. Additional information is available at
http://www.adrbny.com/. The Bank of New York Mellon Corporation is
a global financial services company focused on helping clients
manage and move their financial assets, operating in 37 countries
and serving more than 100 markets. The company is a leading
provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and
wealth management, asset servicing, issuer services and treasury
services through a worldwide client-focused team. It has more than
$20 trillion in assets under custody and administration and more
than $1 trillion in assets under management. Additional information
is available at http://www.bnymellon.com/. The Bank of New York
Mellon provides no advice nor recommendation or endorsement with
respect to any company or security. Nothing herein shall be deemed
to constitute an offer or solicitation of an offer to buy or sell
securities. DATASOURCE: The Bank of New York Mellon CONTACT: Joseph
Ailinger Jr. of The Bank of New York Mellon, +1-617-722-7571 or Web
site: http://www.bnymellon.com/ http://www.adrbny.com/
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