15th Jan 2016 07:45
LONDON (Alliance News) - Anheuser-Busch InBev NV on Friday said it has listed shares on the Johannesburg Stock Exchange as part of its takeover of Anglo-South African rival SABMiller PLC.
AB InBev had announced in December the plan to list to demonstrate its commitment to the South African market as it progresses with its GBP71.0 billion acquisition of SABMiller. The pair are respectively the biggest and second-biggest brewers in the world globally and their merger will create a group controlling a third of the global beer market.
"We are delighted to be listing on the JSE today. We were keen to do so as soon as possible as part of our commitment to investing in South Africa, and we appreciate the support we have received from the JSE, South African Reserve Bank and local investment community to make this happen. We look forward to welcoming new shareholders to AB InBev," said Carlos Brito, AB InBev's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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