US: A-B InBev looks to raise investment via ADR

By just-drinks.com editorial team | 1 July 2009

Anheuser-Busch InBev has established an American Depositary Receipt (ADR) programme in the US in order to secure greater investment in the brewer's North American business.

Launching the programme today (01 July), A-B InBev said that each ADR would equate to one ordinary share of common stock in the group.

The brewer's chief financial officer, Felipe Dutra, said: "We are seeing significant interest in our stock in the US and establishing this ADR programme will facilitate ownership for a broader range of investors."

ADRs are commonly used by foreign companies operating within the US.

The Bank of New York Mellon will administer the ADR for A-B InBev.

Also today, A-B InBev announced that it has agreed to sell four beverage can plants to Ball Corporation for US$577m.

Sectors: Beer & cider

Companies: InBev, Anheuser-Busch