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Vitro appoints depositary bank for ADR facility

Mexican glass giant Vitro, S.A. de C.V. has selected the Bank of New York as depositary for its American depositary receipt (ADR) facility. Each Vitro ADR represents three A shares. The ADRs trade on …

Mexican glass giant Vitro, S.A. de C.V. has selected the Bank of New York as depositary for its 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. participates in three principal businesses: flat glass, glass containers and glassware. 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.”

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