Deutsche Bank takes on Repsol ADR mantle

Deutsche Bank has been named as successor depositary bank for the sponsored Level I American Depositary Receipt (ADR) programme of Repsol SA (Repsol).

Based in Madrid, Spain, Repsol is an integrated global private energy company. It is present across the entire oil and gas value chain, operating in areas ranging from the extraction and production of hydrocarbons to the commercialisation of energy solutions.

Jose Sicilia, the bank’s head of depositary receipts, said the appointment represents recognition of the bank’s client-centric approach to ADRs and its strong servicing capabilities.