AB InBev to sell its Distell stake to PIC

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When Ab InBev lists on the JSE on 15 January 2016, it will become South Africa's biggest share.
When Ab InBev lists on the JSE on 15 January 2016, it will become South Africa's biggest share.

Johannesburg – Multinational beverage and brewing company Anheuser-Busch InBev (AB InBev) [JSE:ANB] announced on Thursday it will sell its entire stake in the Distell Group [JSE:DST] to the to the Public Investment Corporation (PIC).

According to a company announcement, the stake comprises 26.4% of Distell’s issued share capital.

Earlier this year, the Competition Tribunal approved AB InBev’s R1.5tr acquisition of SABMiller [JSE:SAB], on condition that it dispose of its Distell shareholding.

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