AB InBev’s listing on the JSE likely to commence this week
Anheuser-Busch InBev (AB InBev), the world’s largest beer company announced in December that as part of the pending merger with SABMiller, it would make a secondary inward listing on the Johannesburg Stock Exchange (JSE) on 15th January 2016.
The Belgian-based brewer said in December that the move was to demonstrate its “commitment” to South Africa, the home of SABMiller, and the continent as whole “which will be critical driver of future growth for the company” after the merger.
Once listed, AB InBev’s ordinary shares will be tradable by South African resident investors without reference to their foreign portfolio allowances and will be classified as ‘domestic’ for exchange control purposes.
AB InBev’s chief executive Carlos Brito said at the time: “We are pleased to announce our plans to establish a secondary inward listing of AB InBev on the JSE. The listing will provide us with access to the South African investor base and broaden participation in AB InBev’s strong prospects for future growth.
“The secondary listing is also an important step towards our proposed combination with SABMiller, and signals our commitment to South Africa, and the African continent.
“We are excited about the prospects of making a significant investment in Africa, a region that will play a vital role in the future of AB InBev.”
AB InBev and SABMiller announced on November 11, 2015 that the £71.4bn merger would go ahead.