Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Program of Movida Participações S.A.
Deutsche Bank AG (DB)
US:NYSE Investor Relations:
db.com/ir/index_en.htm
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced today its appointment as successor depositary bank for the sponsored Level I American Depositary Receipt Program of Movida Participações S.A. (OTC: MOVYY). Movida is a Brazilian car rental company which offers multiplatform urban mobility solutions with a fleet of over 88,000 cars and 244 stores, 184 of which are rent-a-car (RAC) and 60 which provide for used cars sales. Created in 2006 and acquired by JSL in 2013, Movida uses modern technology to offer solutions to various types of mobility needs, such as cars, trikes and electric bikes.* “The appointment of Deutsche Bank as depositary bank for the Movida Participações Level I American Depositary Receipt program demonstrates our ongoing commitment to the Brazilian market,” said Brian Studdert, Global Head of Depositary Receipts at Deutsche Bank. “Our broad range of customized services will be u
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