BELGIUM: InBev issues summer plans
InBev has revealed plans to launch a share buy-back programme. The brewer also intends to up its economic ownership in AmBev.
In a statement issued today (14 June), InBev said that its board of directors has decided to initiate a share buy-back programme of shares for an amount up to €300m. The share buy-back program will run for twelve months and may be renewed thereafter.
InBev's board said that it has also decided to increase the economic ownership of InBev in AmBev over the same period, through the purchase of AmBev's preferred shares for an amount of up to €500m.
Commenting on the rationale for these decisions, John Brock, InBev's CEO, said: "InBev is enhancing shareholder value by combining its strong cash-flow generation with the right capital structure."
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