BNY Mellon Appointed as Successor Depositary Bank by Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.
October 13 2009 - 8:30AM
PR Newswire (US)
NEW YORK, Oct. 13 /PRNewswire-FirstCall/ -- BNY Mellon, the global
leader in asset management and securities servicing, has been
selected by Eletropaulo Metropolitana Eletricidade de Sao Paulo
S.A. (AES Eletropaulo) as the successor depositary bank for its
Global depositary receipt (GDR) programs. Each AES Eletropaulo GDR
represents one preferred class "B" share. AES Eletropaulo's
preferred class "B" shares trade on the Sao Paulo Stock Exchange
(BOVESPA) under the symbol "ELPL6." The AES Eletropaulo GDRs and
equity shares have not been registered under the U.S. Securities
Act of 1933 and may not be offered or sold in the U.S., absent
registration or an applicable exemption from the registration
requirements. AES Eletropaulo, a subsidiary of the AES Corporation,
is engaged in the distribution of electrical energy for part of the
State of Sao Paulo. The company services 24 municipalities in the
state of Sao Paulo, located in the greater metropolitan area of the
Sao Paulo state. "We have selected BNY Mellon as depositary for its
commitment to the Brazilian market and its recognized leadership
and expertise," said Britaldo Soares, CEO of AES Eletropaulo. "We
are confident BNY Mellon has the excellent resources to help us
effectively service our investors." "As the leading depositary
bank, we look forward to supporting another member of the AES
Corporation as they seek to increase their international profile in
the years ahead," said Michael Cole-Fontayn, chief executive
officer of BNY Mellon's Depositary Receipts business. "BNY Mellon
is honored to be the depositary bank for a number of distinguished
companies of the AES Corporation." BNY Mellon acts as depositary
for more than 2,100 American and global depositary receipt
programs, acting in partnership with leading companies from 67
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.bnymellon.com/dr. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE:BK). BNY Mellon is a
global financial services company focused on helping clients manage
and service their financial assets, operating in 34 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, clearing
services and treasury services through a worldwide client-focused
team. It has $20.7 trillion in assets under custody and
administration, $926 billion in assets under management, services
$11.8 trillion in outstanding debt, and processes global payments
averaging $1.8 trillion per day. Additional information is
available at bnymellon.com. This release is for informational
purposes only. BNY Mellon provides no advice nor recommendation or
endorsement with respect to any company or securities. Nothing
herein shall be deemed to constitute an offer to sell or a
solicitation of an offer to buy securities. Depositary Receipts:
Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank,
State or Federal Agency Guarantee. DATASOURCE: BNY Mellon CONTACT:
Dori Flanagan, +1 212-815-2291, , or Joe Ailinger, +1 617-722-7571,
, both of BNY Mellon Web Site: http://www.bnymellon.com/
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