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.