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Article: Deutsche Bank Appointed as Successor Depositary Bank for the American Depositary Receipt Program of CPFL Energia S.A.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Deutsche Bank announced its appointment as successor depositary bank for the New York Stock Exchange (NYSE)-listed American Depositary Receipt (ADR) program of CPFL Energia S.A. (CPFL Energia).
CPFL Energia is the largest private company in the Brazilian electricity sector based on market share with over 90 years of operating history. Through its subsidiaries, it distributes, generates and commercializes electricity in Brazil.
CPFL Energia is a market leader in Brazil in both electricity distribution and commercialization, with market shares of 13% and 22%, respectively. During the year ending December 31, 2008, CPFL Energia's sales in its distribution ...