AB InBev’s JSE listing still on the cards

ANHEUSER-BUSCH InBev (AB InBev) announced its intention to list on the JSE, by way of a secondary inward listing, this month. The world’s largest brewer issued a prelisting announcement last month, confirming its intention to list with effect from commencement of trading on Friday. The secondary inward listing of AB InBev’s issued 1 608 242 156 ordinary shares without nominal value on the main board of the JSE will be done by way of introduction. AB InBev made a formal $107 billion (R1.7 trillion) offer for SABMiller in November, sealing a long-anticipated deal that combines the world’s biggest brewers into a company controlling about half the industry’s profit. The company will be the world’s largest consumer-staples maker by earnings. – Staff Reporter and Bloomberg