09/22/03
NEW YORK, N.Y., September 22, 2003 -- The Bank of New York announced today that it has been selected as successor depositary for the Controladora Comercial Mexicana, S.A. de C.V. (CCM) American depositary receipt (ADR) facility. Each CCM ADR represents twenty common shares. The common shares trade in Mexico on the Bolsa Mexicana de Valores, and the ADRs trade on the New York Stock Exchange under the symbol "MCM."
CCM is a Mexican holding company, which, through its subsidiaries, operates retail operations through five chain stores: Comercial Mexicana, Bodega, Mega, Sumesa and, through a joint venture with Costco of the United States, Costco Stores. In addition, the company operates a chain of family restaurants.
The Bank of New York is the world’s largest depositary for American and global depositary receipts, allowing non-U.S. companies to offer dollar-denominated securities to investors worldwide. The Bank currently issues depositary receipts for more than 1,400 programs representing 70 countries and accounts for 67% of all public sponsored depositary receipt programs.
This announcement is not an offer to sell or a solicitation of an offer to buy any securities. The offering is made only by means of the prospectus.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global corporations, financial institutions, asset managers, governments, non-profit organizations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.
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