French utility Gaz de France (1020848.FR), which plans to merge with Franco-Belgian peer Suez (SZEZY) in July, Tuesday said it will be establishing an American Depositary Receipt program to replace one for Suez's shares.
The merger, to create a company named GdF-Suez, is happening, legally speaking, via the absorption by GdF of Suez.
GdF will be establishing the ADR program through Citibank, the company said in a statement.
In the faxed declaration, GdF also said the U.S. Securities and Exchange Commission "has declared effective its registration statement on form F-4 for the registration of its shares under the U.S. Securities Act of 1933 relating to the proposed merger of Gaz de France and Suez."