NEW YORK and PARIS,
March 6, 2015 /PRNewswire/
-- BNY Mellon, a global leader in investment management and
investment services, has been appointed by Accor S.A., a
leading hotel operator based in France, as depositary bank for its sponsored
American depositary receipt (ADR) program. Accor previously traded
in the U.S. as an unsponsored DR. Each sponsored ADR represents
one-fifth of an ordinary share and trades on the OTC Markets under
the symbol 'ACCYY.' Accor's ordinary shares trade on Euronext
Paris under the code 'AC.'
With more than 3,700 hotels and 480,000 rooms, Accor caters to
business and leisure travelers in 92 countries across all hotel
segments: luxury-upscale with Sofitel, Pullman, MGallery, and Grand
Mercure; midscale with Novotel, Suite Novotel, Mercure and Adagio;
and economy with ibis, ibis Styles, ibis budget and hotelF1. The
company's digital ecosystem includes its booking portal
accorhotels.com, brand websites, and loyalty program Le Club
Accorhotels.
"France is an important market
for U.S. investors, and we'll work closely with Accor to help the
company achieve enhanced visibility with this new sponsored DR
program," said Christopher M.
Kearns, CEO of BNY Mellon's Depositary Receipts business.
"We're committed to providing Accor with the resources and
expertise they'll need to support investor outreach
initiatives."
BNY Mellon acts as depositary for more than 2,800 American and
global depositary receipt programs as of Dec. 31, 2014. Acting in partnership with leading
companies from over 65 countries, BNY Mellon is committed to
helping securities issuers access the world's rapidly evolving
financial markets and delivers a comprehensive suite of depositary
receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of Dec. 31, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.7 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Learn more at www.bnymellon.com, or follow us on Twitter
@BNYMellon.
This release is for informational purposes only. BNY Mellon
provides no advice nor recommendation or endorsement with respect
to any company or securities. Nothing herein shall be deemed to
constitute an offer to sell or a solicitation of an offer to buy
securities. Depositary Receipts: Not FDIC, State or Federal Agency
Insured; May Lose Value; No Bank, State or Federal Agency
Guarantee. BNY Mellon provides no advice nor recommendations or
endorsement with respect to any company, security or products based
on any index licensed by BNY Mellon, and we make no representation
regarding the advisability of investing in the same.
Contact: Joseph F.
Ailinger Jr
+1 617-722-7571
joe.ailinger@bnymellon.com
Malcolm Borthwick
+44 20 7163 4109
malcolm.borthwick@bnymellon.com
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SOURCE BNY Mellon