Bulgaria Kamenitza Owner AB InBev Makes Debut on NYSEBusiness | September 17, 2009, Thursday // 13:42| views
AB InBev was created by the merger of Belgium's InBev and the iconic American brewer Anheuser Busch last fall. Photo by EPA/BGNES
Belgium-based Anheuser-Busch InBev, the world's largest brewer, which owns two units in Bulgaria, commenced trading on the New York Stock Exchange on Wednesday.
American Depository Receipts (ADRs) will be traded under the ticker symbol "BUD". Each ADR represents one ordinary share of Anheuser-Busch InBev common stock.
Anheuser-Busch InBev ordinary shares continue to trade on Euronext Brussels, the
company's primary listing, under the symbol "ABI."
Bulgaria is one of seven countries in Eastern and Central Europe, where Anheuser-Busch InBev (ABI.BR) is considering divesting its operations.
Private equity firm CVC Capital Parnters has gathered a group of banks to finance a possible purchase of Anheuser-Busch InBev assets in central and eastern Europe, Belgian daily De Standaard reported on Wednesday.
CVC had received pledges for more than EUR 500 M so far, the paper said.
CVC has made the only bid, of about USD 2 B, for eleven breweries producing a total of 15 million hectoliters of beer a year in Bulgaria, Romania, Hungary, Croatia, Czech Republic, Serbia and Montenegro.
Kamenitza AD, part of Interbrew, which was renamed to InBev after the merger of Interbrew and AmBev, is the second biggest brewery in Bulgaria.
Its diverse brand portfolio includes international Stella Artois and Becks and local Kamenitza, AstikA, Burgasko , Pleven, Slavena.
AB InBev was created by the merger of Belgium's InBev and the iconic American brewer Anheuser Busch last fall. The combined entity now has a market capitalization of EUR 44.6 B, according to the company's Web site.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!