NEW YORK, January 24, 2012 — BNY Mellon, the global leader in investment management and investment services, has been selected as successor depositary by Eni S.p.A. for its American depositary receipt (ADR) program. Each Eni ADR represents two ordinary shares and trades on the New York Stock Exchange under the symbol "E." Eni's ordinary shares trade on the Milan Stock Exchange under the symbol "ENI."
Eni is an integrated energy company operating in the oil and gas, electricity generation and sale, petrochemicals, oilfield services construction, and engineering industries. Headquartered in Rome, Eni is active in 79 countries with around 80,000 employees.
"The creation of new DR programs and high trading volumes have attested to the robust investor demand for energy stocks," said Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business. "As successor depositary bank, our experts will work closely with Eni's IR team to broaden its outreach to global investors and help them build on their existing success."
BNY Mellon works with some of the largest oil and gas companies in the world and serves as depositary for 74% of all oil and gas producer DR programs globally. Eni also is a constituent of BNY Mellon's Europe Oil and Gas ADR Index.
BNY Mellon acts as depositary for more than 2,500 American and global depositary receipt programs, acting in partnership with leading companies from 65 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com and through Twitter @bnymellon.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.