The Star Early Edition

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

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