14th Dec 2015 07:46
LONDON (Alliance News) - Anheuser-Busch InBev NV on Monday said it is planning to secure a listing on the Johannesburg Stock Exchange in January, part of the measures being taken to show its commitment to the South African market as it progresses its takeover of SABMiller PLC.
AB InBev said it will list in South Africa in mid-January and has already secured approval for a secondary listing in the country.
The group said the deal will demonstrate its commitment to the South African and wider African market, which will be a major driver of growth for the company following its combination with SABMiller.
SABMiller itself is an Anglo-South African business and has a substantial presence in the African market, a key attraction for AB InBev in pursuing a merger with its rival.
"We are pleased to announce our plans to establish a secondary inward listing of AB InBev on the JSE. The listing will provide us with access to the South African investor base and broaden participation in AB InBev's strong prospects for future growth," said Carlos Brito, AB InBev's chief executive.
"The secondary listing is also an important step towards our proposed combination with SABMiller, and signals our commitment to South Africa, and the African continent," Brito added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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