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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

ANHEUSER-BUSCH INBEV (ABI)
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Anheuser Busch InBev : AB InBev shares climb after Competition Tribunal conditional approval to SAB deal

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10/02/2017 | 10:13am CEST

Anheuser-Busch InBev's share price gained 2.3% to R1,620 after the Competition Tribunal conditionally approved Atlanta-based Coca-Cola's acquisition of SAB's shares in Coca Cola Beverage Africa (CCBA)... The tribunal said in a statement on Thursday it had approved the US parent group buying SAB out of its Southern African operations on condition it kept the promises made in 2016 when SAB's soft-drink division was merged with Gutsche Family Investments and The Coca-Cola Company's regional operation.

Before its takeover by Pepsi ally Anheuser-Busch InBev, SAB committed itself to not cutting jobs in the merged soft-drink businesses along with black economic empowerment (BEE) and employee shareholding levels.

"From the time of the condition it was envisioned that SABMiller would be exiting," the tribunal said in Thursdays' statement.

"In terms of the shareholders agreement for that transaction, Coca-Cola Holdings Africa had the option to purchase SABMiller shares and require its exit. This transaction is a culmination of that right."

Source: BDpro

(c) All rights reserved. 2017. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV 0.06% 78.07 Delayed Quote.-16.22%
COCA-COLA COMPANY (THE) -0.13% 46.58 Delayed Quote.0.17%
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Financials ($)
Sales 2018 55 729 M
EBIT 2018 18 623 M
Net income 2018 8 664 M
Debt 2018 102 B
Yield 2018 4,41%
P/E ratio 2018 21,00
P/E ratio 2019 17,59
EV / Sales 2018 4,59x
EV / Sales 2019 4,39x
Capitalization 154 B
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Number of Analysts 29
Average target price 121 $
Spread / Average Target 32%
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NameTitle
Carlos Alves de Brito Chief Executive Officer
Olivier Goudet Chairman
Luis Felipe Pedreira Dutra Leite Chief Financial & Technology Officer
Martin J. Barrington Non-Executive Director
William F. Gifford Non-Executive Director
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