Deutsche Bank today announced its appointment as depositary bank for the sponsored Level I American Depositary Receipt (ADR) program of Cielo S.A. (formerly VisaNet) (BOVESPA: CIEL3).
Cielo S.A. is a leader in Brazil's payment cards industry, responsible for acquiring merchants and managing the card acceptance network for the Visa brand in Brazil, in addition to capturing, transmission, processing and settlement of credit and debit card transactions using the Visa brand. Apart from the traditional electronic payment products and services, the Company has a track record of providing innovative solutions in segments that bring synergies to its operations and was the first to provide a correspondent banking network, prepaid mobile phone credits, electronic vouchers and Troco-Fácil, as well as the capture and processing of electronic transactions not involving payment, such as connectivity and authorization of transactions in the health segment. Cielo has the largest domestic coverage in the Brazilian merchant acquiring and payment processing industry, with approximately 1.7 million affiliated merchants, present in almost 98.0% of Brazilian municipalities.*
Cielo's ADRs will trade on the OTC, the symbol has not been assigned. The company's ordinary shares are listed on the São Paulo Stock Exchange (BM&FBOVESPA) under the symbol CIEL3. Each ADR represents one ordinary share.
"The ADR program represents yet another alternative for investors and increases Cielo's visibility outside Brazil," said Romulo De Mello Dias, Chief Executive Officer and Investor Relations Officer at Cielo S.A.
"This transaction reflects the continued commitment of Deutsche Bank to the Brazilian market and demonstrates the confidence that leading Brazilian corporates, global leaders in their industry, are placing in the Deutsche Bank platform," said Bernardo Parnes, Managing Director of Deutsche Bank in Brazil.
Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank said, "We are very pleased to welcome Cielo as a Deutsche Bank depositary receipts client. We will work with the company to ensure its ADR holders receive the highest level of service."
*Source: Cielo S.A.(February 2010)
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Trust & Securities Services
Deutsche Bank's Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, Nasdaq, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. Additional details are available on www.adr.db.com or www.tss.db.com.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.
The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© February 2010 Deutsche Bank AG. All rights reserved.
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