CITI APPOINTED NEW DEPOSITARY FOR DELHAIZE GROUP’S NYSE-LISTED ADR PROGRAM
London, NY - February 18, 2009 – Citi announced today that it has been appointed by Delhaize Group ("Delhaize"), a leading international food retailer based in Belgium, as the successor depositary bank for its American Depositary Receipt (ADR) program.
Delhaize Group’s ADRs currently trade on the New York Stock Exchange (NYSE) under the symbol DEG (CUSIP: 29759W101). The company’s ordinary shares trade on Euronext Brussels under the symbol DELB. Each ADR represents one ordinary share.
Guy Elewaut, Senior Vice President of Strategy and External Communications at Delhaize Group said," We are pleased with the appointment of Citi as new ADR depositary and are looking forward to developing a strong working relationship with Citi, which I am sure will benefit both Delhaize Group and its ADR holders."
Nancy Lissemore, Global Head of Depositary Receipt Services at Citi, said, "Delhaize Group is a premier client of Citi with a prominent multinational franchise, and we are delighted to be serving as their new depositary bank. We look forward to assisting them in optimizing the benefits of their ADR program."
Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 140 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the 4th quarter of 2008, it held on average $292 billion in liability balances and $10.7 trillion in assets under custody.
For more information on Citi's Depositary Receipt Services, visit www.citi.com/dr.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of 2008, Delhaize Group’s sales network consisted of 2,673 stores. In 2008, Delhaize Group posted EUR 19.0 billion (USD 28.0 billion) in revenues. In 2007, Delhaize Group posted EUR 410.1 million (USD 562.1 million) in net profit (Group share). At the end of 2007, Delhaize Group employed approximately 138,000 people.