AB InBev postpones SAB Zenzele B-BBEE ownership transaction due to Covid-19

06 April 2020 M&A Community

The ownership transaction and SAB Zenzele Scheme has been postponed for up to one year.

Anheuser-Bush InBev has announced, after monitoring the impact of Covid-19, that it will be postponing the unwind and implementation of the SAB Zenzele B-BBEE ownership transaction by up to one year.

AB InBev, together with SAB and SAB Zenzele Kabili, has also resolved to postpone the SAB Zenzele Scheme. 

In a statement, the brewer said now is not the right time to introduce a scheme that will see the independent board asking SAB Zenzele retailer shareholders to make a long-term equity investment decision.
 

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