Zenith Bank In $850M London Listing
One GDR represents 50 ordinary shares, the bank said, adding that JP Morgan is the depository bank, while Citi is the custodian.
“The GDR will allow us to raise money cheaply in the future,” Zenith chief executive, Godwin Emefiele, told CNBC Africa television, at the listing.
More on Business
MORE FROM CHANNELS TV