25th Apr 2016 16:41
LONDON (Alliance News) - Credit Suisse Securities (Eur) Ltd on Monday said Kulczyk Investments SA intends to sell around 24 million shares in SABMiller PLC via an accelerated bookbuild.
The 24 million shares represent 1.5% of SABMiller's issued share capital. Following this, Kulczyk will still hold a 1.5% stake.
Credit Suisse is acting as sole bookrunner in the placing. Any unsold shares will be subject to a 90-day lock-up from the date of completion of the sale.
"The intended partial disposal of SABMiller shares by KI is being launched at this time due to KI's desire to progress the implementation of the next stage of its international strategy, which is aimed at increasing risk diversification and rebalancing of the group's portfolio of holdings," the bookrunner said in a statement.
SABMiller is in the process of being bought by Belgian-American drinks company Anheuser-Busch InBev SA in a GBP71.00 billion deal.
Shares in SABMiller closed down 0.4% at 4,218.05 pence on Monday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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