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News
AB InBev lists on South Africa exchange
Brewing group AB InBev has been listed on the Johannesburg Stock Exchange (JSE) as it steps up its South African presence as part of its takeover of SABMiller.
AB InBev CEO Carlos Brito with JSE executives Donna Oosthuyse and Nicky Newton-King (Photo: Facebook)
AB InBev will remain officially based in Belgium and New York, but its new secondary share listing in South Africa is down to its newly acquired SABMiller business having a large operation in the country.
Its presence on the JSE sees all of its 1,608,242,156 shares now listed for trade by South African resident investors.
Carlos Brito, CEO of AB InBev, said: “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, South African Reserve Bank and local investment community to make this happen.”
AB InBev’s share price jumped by 0.75 points on the back of the news.