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AB InBev secures secondary JSE listing

AB InBev secures secondary JSE listing

Photo by Duane Daws

12th January 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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In light of its proposed takeover of local beer and soft drinks manufacturer SABMiller, Euronext Brussels-listed Anheuser-Busch (AB) InBev – the world’s largest brewer – has obtained a secondary inward listing on the JSE main board, effective January 15.

AB InBev would be treated as foreign for index purposes and its free float would be determined by the proportion of share capital held in dematerialised form and registered on the South African share register.

The two companies in October reached an in principle agreement for AB InBev to acquire SABMiller’s shares.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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