AB INBEV COMPLETES DISTELL SHAREHOLDING SALE

Anheuser-Busch InBev has reportedly  completed the sale of its indirect shareholding in Amarula liqueur and Bunnahabhain Scotch producer Distell Group.

Last year, South Africa’s Competition Commission ordered AB InBev to sell SABMiller’s 26% stake in South African firm Distell ahead of a US$79 billion merger of the two brewers.

Two months after its completed acquisition of SABMiller, AB InBev agreed to sell the Distell shareholding – estimated to be worth US$559m – to a state-run pension scheme.

In December 2016, AB InBev announced it had entered into a “binding agreement” to sell the 58.5m ordinary shares to Africa’s largest pension administrator Public Investment Corporation on behalf of the Government Employees Pension Fund.