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Article: J.P. Morgan Appointed Depositary Bank for Banco Santander Brasil S.A.
- Article from:
- Business & Finance Week
- Article date:
- November 7, 2009
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J.P. Morgan announced that it has been appointed depositary bank by Banco Santander (Brasil) S.A. ("Santander Brasil"), the fourth largest bank in Brazil, for its American Depositary Receipt (ADR) program. Santander Brasil trades on the New York Stock Exchange (NYSE) under the symbol "BSBR" and on the Sao Paulo Stock Exchange (BOVESPA) under the symbol "SANB11." Shares began trading on the NYSE and on BOVESPA on October 7.
Santander Brasil's initial public offering is the largest ever by a Latin American company. It is also the largest offering by any foreign company on a U.S. exchange for all of 2009.
J.P. Morgan is now the depositary bank for three DR ...