Overview
Description
Avi Limited Unsponsored ADR represents the American Depositary Receipt of Avi Ltd, a company with significant operations, typically in the consumer products or industrial sector. An ADR is a financial instrument used to simplify investing in foreign stocks, allowing U.S. investors to gain exposure to Avi Limited on the American stock exchanges without dealing with the intricacies of cross-border trading. This unsponsored ADR means it was created without a formal agreement between Avi Limited and the depositary bank issuing the ADR, typically leading to less direct communication from the company but broadening the accessibility of its shares to U.S investors. This ADR often affects sectors such as manufacturing, retail, or consumer goods, depending on Avi Limited's underlying business activities. Its role in the financial market is crucial for providing liquidity and facilitating international investment flows, allowing investors to participate in the growth and earnings of Avi Ltd without dealing directly in the foreign exchanges where its primary shares are listed.
About
CEO
Mr. Simon Leigh Crutchley BBusSci (UCT)
Employees
8937
Address
2 Harries Road
Illovo
Johannesburg, 2196
Illovo
Johannesburg, 2196
Phone
27 11 502 1300
Website
Instrument type
Common stock
Sector
Consumer Defensive
Industry
Packaged Foods
Country
Germany
MIC code
XFRA