315 EUR
1
0.32%
Last update Dec 12, 12:25 PM CET
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Day range
314
325
Previous close
316
Open
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Rheinmetall AG Unsponsored ADR
315.00
1
0.32%

Overview

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Description

Rheinmetall AG Unsponsored American Depositary Receipt (ADR) provides investors in the United States with access to shares of Rheinmetall AG, a prominent German company renowned for its contributions to the automotive and defense industries. The primary function of the ADR is to simplify the process of investing in foreign securities by allowing them to be traded on U.S. stock exchanges, thereby broadening capital access for international companies and expanding investor portfolios. Rheinmetall AG itself is influential in the defense sector, producing military vehicles, electronic systems, and ammunition, while its automotive division supplies parts and systems that improve engine performance and reduce emissions. As an unsponsored ADR, it is issued by one or more depositary banks without direct involvement from Rheinmetall AG, offering diversification opportunities in a global context. The ADR represents a convenient bridge for American investors to the European market, particularly those interested in sectors impacted by advancements in defense technologies and automotive innovations.

About

CEO
Mr. Armin Theodor Papperger
Employees
28539
Address
Rheinmetall Platz 1
Düsseldorf, 40476
Phone
49 211 473 01
Website
Instrument type
American depositary receipt
Sector
Industrials
Industry
Aerospace & Defense
Country
Germany
MIC code
XSTU
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