The Bank of New York Appointed Successor Depositary Bank for Vitro, S.A. de C.V.

The Bank of New York, a global leader in securities servicing, has been selected as depositary for the Vitro, S.A. de C.V.

American depositary receipt (ADR) facility. Each Vitro ADR represents three A shares. The ADRs trade on the New York Stock Exchange under the symbol "VTO." The A shares trade in Mexico on the Bolsa Mexicana de Valores.

Through its subsidiary companies, Vitro, S.A. de C.V. produces glass and participates in three principal businesses: flat glass, glass containers and glassware. Its subsidiaries serve multiple product markets, including construction and automotive glass; food and beverage, wine, liquor, cosmetics and pharmaceutical glass containers; and glassware for commercial, industrial and retail uses. Vitro also produces raw materials and equipment and capital goods for industrial use.

Alvaro Rodriguez Arregui, chief financial officer of Vitro, said, "We are pleased to be working with The Bank of New York. We are confident that the Bank's integrated securities services will streamline our program's administration and that its extensive outreach and promotional programs will help us gain broad access to U.S. investors."

Christopher Sturdy, managing director and Head of The Bank of New York's Depositary Receipt Division, said, "We appreciate Vitro's confidence in selecting The Bank of New York as successor depositary bank and welcome the company to our increasingly diverse portfolio of Mexican DR clients. We look forward to working with their management to maximize the program's market potential."

The Bank of New York 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 is committed to Latin America and to growing its business as the capital markets develop in the region.

600450 The Bank of New York Appointed Successor Depositary Bank for Vitro, S.A. de C.V. glassonweb.com

See more news about:

Others also read

Innovative bird-friendly glass featuring Starphire glass among highlights of renovated Tropical Rainforest
National Aviary’s new bird habitat unveiled after extensive renovation.
Starphire glass enhances UV transmittance, vegetation in renovated Tropical Rainforest
Workers install tropical plants, trees under bird-friendly glass to prepare for reopening of prized National Aviary attraction.
Goldray’s laminated pattern on Starphire glass showcases colorful corporate design trend
Ultra-clear glass, color interlayers highlight Spencer Finch-designed panels at 1775 Tysons Blvd.
New Holtec International headquarters features glass fabricated by J.E. Berkowitz
J.E. Berkowitz announced the completion of Holtec International’s new corporate HQ on the company’s 50-acre Krishna P. Singh Technology Campus in Camden, New Jersey.
Vitro Architectural Glass to debut ACUITY low-iron glass, sample kit available for pre-order
New low-iron glass offers clarity, color fidelity upgrade over conventional clear glass.
Installation of new bird-friendly glass at National Aviary nears halfway point
Vitro Glass sponsors $1.2 million renovation of historic Tropical Rainforest exhibit.

From industry

NEWS RELATED PRODUCTS

Vitro Architectural Glass (Formerly PPG Glass)
Vitro Architectural Glass (Formerly PPG Glass)

Add new comment