AB InBev to launch new R5.4bn black empowerment scheme
A file picture taken on February 25, 2016 shows the AB InBev logo at the entrance of the offices of brewery group Anheuser-Busch InBev, in Leuven, Belgium. Picture: AFP/BRUNO FAHY
When the scheme matures in April, employees and black-owned liquor retailers would have locked in a substantial increase in the share price of the company: those who invested R100 in the scheme will pocket a pretax payout of about R76,000, the world’s biggest brewer said on Monday. Included in the transaction is that SAB will contribute the equivalent of R2.973bn worth of AB InBev shares to SAB Zenzele Kabili, and in return, SAB Zenzele Kabili will issue preference shares to SAB.
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