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Last update Dec 10, 10:52 AM EST
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Fraport AG Unsponsored ADR
39.23
0
0%

Overview

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Description

Fraport AG Unsponsored ADR is a type of American Depositary Receipt representing shares in Fraport AG, a prominent global airport management company based in Germany. Unsponsored ADRs are issued by depositary banks in the United States without the involvement of the foreign company. This allows U.S. investors to hold shares in foreign companies like Fraport AG and trade them on U.S. securities exchanges. Fraport AG operates and manages airports, with Frankfurt Airport being one of its largest and most significant assets, serving as a major international hub. The company is involved in various aspects of airport management, including passenger services, retail space management, and infrastructure development. Fraport AG's operations extend beyond Germany, with notable involvement in managing airports in Greece, Brazil, and other international locations. The ADR facilitates capital access and portfolio diversification for U.S. investors, while Fraport AG benefits from the enhanced visibility and access to the extensive U.S. capital markets. This asset represents a bridge for investors seeking exposure to the transport and infrastructure sectors on a global scale, particularly in the aviation industry.

About

CEO
Dr. Stefan Schulte
Employees
19843
Address
Frankfurt Airport Services Worldwide
Frankfurt am Main, 60547
Phone
49 69 690 0
Website
Instrument type
American depositary receipt
Sector
Industrials
Industry
Airports & Air Services
Country
United States
MIC code
PINX
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