StockNews.AI
DB
StockNews.AI
117 days

Deutsche Bank Appointed as Depositary Bank for the Two Sponsored Level 1 American Depositary Receipt Programs of Epiroc Aktiebolag

1. Deutsche Bank appointed as depositary for Epiroc's ADR programs. 2. Epiroc is a key player in mining and infrastructure sectors.

2m saved
Insight
Article

FAQ

Why Bullish?

Deutsche Bank's role as depositary enhances its revenue streams and visibility. Similar appointments have previously led to increased share performance in related financial services.

How important is it?

The appointment signifies a strategic relationship that can enhance DB's profile in financial services, indicating growth potential. Enhanced services and client relationships directly correlate to market performance.

Why Short Term?

The immediate impact will be felt as new clients potentially engage with DB. However, revenue growth may take time to reflect in stock price.

Related Companies

EPOAYEPOBYDB
NEW YORK--(BUSINESS WIRE)--Deutsche Bank announced today its appointment as depositary bank for the two sponsored American Depositary Receipt Programs of Epiroc Aktiebolag (OTC Class A share ADR Program: EPOAY, OTC Class B share ADR Program: EPOBY). Epiroc AB is a global productivity partner for mining and infrastructure customers. Epiroc develops equipment such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. Epiroc also offer afterm.

Related News