LONDON--(BUSINESS WIRE)--
Citi’s Issuer Services business, acting through Citibank N.A., has been appointed by OMV Petrom S.A. (“OMV Petrom”), the largest oil and gas group in Southeastern Europe, as depositary bank for its Global Depositary Receipt (GDR) Programme. OMV Petrom’s GDRs are listed and trade on the London Stock Exchange (LSE) under the symbol “PETB” for the Regulation S GDRs and “PETR” for the Rule 144A GDRs, with each GDR equivalent to one hundred and fifty (150) ordinary shares. OMV Petrom’s ordinary shares are also listed and trade on the Bucharest Stock Exchange (BVB) under the symbol “SNP”.
Mr. Andreas Matje, CFO at OMV Petrom, commented, "OMV Petrom is pleased to work with one of the leading depositary banks in the world, with a proven track record and with whom we developed a longstanding relationship across various products."
“Citi is delighted to be appointed by OMV Petrom as depositary bank for its LSE Listed GDR Programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with OMV Petrom, leveraging our global equity distribution network and providing best-in-class service to assist them in fulfilling their goals.”
For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.
NOTES TO EDITORS
About OMV Petrom
OMV Petrom is the largest integrated oil and gas group in Southeastern Europe, with an annual oil and gas production of approximately 65 mn boe in 2015. The Group has a refining capacity of 4.5 mn tons / year and operates an 860 MW high efficiency power plant and a 45 MW wind park. The group is present on the oil products retail markets in Romania and neighbouring countries through 784 filling stations, as at 30 June 2016.
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About 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.
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