AB InBev starts trading on JSE
The world’s largest brewer Anheuser-Busch InBev (AB InBev) listed on the JSE on Friday morning.
The secondary inward listing on the stock exchange’s mainboard was completed by way of introduction and comprised all AB InBev’s issued ordinary shares without nominal value, totaling 1.60-billion.
The shares would trade in the Consumer – Food & Beverages – Beverages – Brewers sector of the JSE, under the abbreviated name AB InBev.
The ordinary shares were tradable by South African resident investors without reference to their foreign portfolio allowances and have been classified as ‘domestic’ for exchange control purposes.
“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, the South African Reserve Bank and local investment community to make this happen,” Ab InBev CEO Carlos Brito said.
Shares opened at R1 938 apiece on Friday morning.
AB InBev was acquiring South African brewer SABMiller.
Subsidiary AB InBev Finance earlier this week completed the pricing of $46-billion in principal bonds to fund a portion of the purchase price for the acquisition.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation