Citi Appointed as Successor Depositary Bank for Severstal’s GDR Program
Citi has been appointed as the successor depositary bank for PAO Severstal's Global Depositary Receipt (GDR) program, which is listed on the London Stock Exchange under the symbol 'SVST'.
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Severstal’s GDRs are listed on the
Sberbank of Russia will act as Custodian providing safekeeping of the local underlying shares.
Commenting on the appointment,
For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.
About PAO Severstal
PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in
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.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
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Media contact:
rekha.jogiasoni@citi.com
Source: Citi