34.20000 EUR
0.6
1.79%
Last update Dec 17, 9:19 AM CET
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Day range
33.40000
34.20000
Previous close
33.60000
Open
33.40000
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Fraport AG Unsponsored ADR
34.20
0.60
1.79%

Overview

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Description

Fraport AG Unsponsored ADR represents American Depository Receipts issued for shares of Fraport AG, a prominent airport services provider based in Germany. The primary function of these ADRs is to facilitate U.S. investors in accessing shares of Fraport AG on American markets, allowing U.S. dollar denominated investment without the complexities of trading directly on foreign exchanges. Fraport AG is notably known for operating Frankfurt Airport, one of Europe’s busiest hubs, alongside managing and investing in airports globally. Its operations impact diverse sectors like transportation, tourism, and infrastructure development, making it pivotal in international travel and logistics. By offering ADRs in the U.S., Fraport AG enhances its shareholder base, increasing liquidity and marketability of its shares. This cross-border financial instrument plays a crucial role in connecting U.S. investors with European market opportunities, reflecting the globalization of equity markets.

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
Germany
MIC code
XFRA
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