Aviva, the world’s fifth largest insurance group, has appointed Citi’s Global Transaction Services (GTS) business, acting through Citibank, as the depositary bank for its New York Stock Exchange (NYSE)-listed American Depositary Receipt (ADR) programme.
Aviva’s ADRs will trade on the NYSE under the symbol AV. Aviva’s ordinary shares are listed on the London Stock Exchange (LSE) under the code AV with each ADR representing two ordinary shares.
Andrew Moss, group chief executive, Aviva, said: “Listing on the New York Stock Exchange is an important development for Aviva. The US is the largest savings market in the world and represents a major growth opportunity for us over the long term. Listing now is a natural step as more than 20% of our shareholders are in the US and we expect that number to increase.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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