AB InBev market value plunges R256bn in sell-off
The brewer’s value drops after it cut its interim dividend in half and prioritises repaying $109bn in debt
The world’s biggest beer brewer Anheuser-Busch InBev (AB InBev) saw its shares plunge 10.59% on Thursday, the most since its inward listing on the JSE in January 2016, after cutting its interim dividend to pay off debt. The sell-off wiped off about R256bn of AB InBev’s market capitalisation, nearly equal to the market value of Standard Bank, Africa’s largest bank. If you are already a subscriber, please click on the following link to go to the full article: AB InBev share price sinks on dividend cut If you would like to subscribe to BusinessLIVE to read the full story, please click here.