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NYSE Euronext welcomes Satyam to European mkt

This article was posted on Feb 22, 2008 and is filed under Press Releases

Satyam Computer Services (NYSE: SAY/Euronext: SAYE/NSE: SATY), a leading global information technology (IT) solutions provider headquartered in Hyderabad, celebrated its fast-path cross-listing on Euronext Amsterdam. Satyam is the first NYSE-listed company after the merger between NYSE Group and Euronext to seek a cross-market listing on NYSE Euronext in Europe, using the convenient, cost-effective fast-path process, which relies on existing U.S. registration documents for its European listing.

To celebrate the occasion, Satyam Chairman and CEO Ramalingu Raju will ring the NYSE Opening Bell remotely from the trading floor at Euronext Amsterdam. He will be joined by NYSE Euronext President and co-COO Catherine R. Kinney, NYSE Euronext Head of Amsterdam Market and Acting CFO, Joost van der Does de Willebois, as well as company executives and senior government officials.

“We are proud of our partnership with Satyam and welcome the company’s decision to extend its listing in Europe on the Euronext Amsterdam market,” said Mrs. Kinney.

“Its listing in New York and Amsterdam, and on the National Stock Exchange of India, gives the company a highly visible global presence that will benefit Satyam and its shareholders. We commend the Euronext College of Regulators and the U.S. Securities Exchange Commission for making this possible as an important step towards the globalization of financial markets.”

“Listing with Euronext will provide numerous benefits to the exchange’s customers, and to Satyam’s investors,” said Satyam Chairman and CEO Ramalinga Raju. “We are proud to join the family of European organizations on Euronext, several of which are Satyam clients. “It demonstrates Satyam’s commitment to helping European companies use IT and enhanced business processes to solve complex business problems.”

“We are delighted with the listing of Satyam on the Amsterdam market,” said Joost van der Does de Willebois. “NYSE Euronext is the first exchange group to offer a truly global, cross-border, cross-market listing program, giving companies the ability to trade and to raise capital in dollars and euros and reach investors and constituents directly across continents and multiple time-zones.”

To mark the occasion in India yesterday, Raju rang the opening bell at the National Stock Exchange of India, NYSE Euronext’s partner exchange there, in which NYSE Euronext has a 5% strategic stake.

Sourced From: MelCole Public Relations

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