Carlsberg is looking to gain US-based investors by establishing a sponsored American depositary receipt programme on the New York Stock Exchange (NYSE).

Carlsberg has established the listing via financial institution BNY Mellon, the Denmark-based brewer said yesterday (1 March).

American depositary receipts (ADR) are commonly used by companies based outside the US and seeking to list on the NYSE. Sponsored ADR programmes are more attractive to investors than unsponsored ones, because they carry voting rights and shareholder benefits.

“Carlsberg has for many years had a sizeable shareholder base in the US and we believe the establishment of the ADR program will be a valuable service for our existing and potential new US shareholders,” said Carlsberg CFO and deputy CEO Jørn Jensen.

The brewer said that five ADRs will be equivalent to one of the firm’s ordinary shares.

“Carlsberg joins a growing number of companies moving from an unsponsored to sponsored ADR programme for the benefits it brings in terms of exposure and service,” said Michael Cole-Fontayn, CEO of BNY Mellon’s Depositary Receipts business. 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

“Carlsberg’s decision to convert to a sponsored program exhibits long-term vision and commitment to the US capital markets and investors,” he added.

Carlsberg last week predicted a 20% rise in profits in 2010, following solid results for 2009.

Subscribe to Just Drinks for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the drinks industry’s trajectory and the priorities shaping the profession.

What’s included in your subscription:
  • Personalized Access: Secure login to Just Drinks
  • Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
  • Case Studies & Deep Dives: Real-world applications and in-depth analyses.
  • Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Pleasecomplete this form to request more information, and a representative will be in touch shortly.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now