Vallourec, a premium tubular solutions firm serving the energy markets, has appointed JP Morgan as depositary bank for Vallourec’s American depositary receipt (ADR) programme.
Claudine Gallagher, global head of depositary receipts at JP Morgan, said: “We are delighted that Vallourec has selected JP Morgan as its depositary bank for its ADR programme. We look forward to building a long term relationship with Vallourec to support the company’s goal to attract new DR investments and deliver value to its shareholders.”
JP Morgan manages more than 70 blue-chip ADR programmes in Europe, including for other French companies such as Danone, Lafarge, sanofi-aventis, BNP Paribas and Peugeot.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.