News

RUSSIA: Sun Interbrew rating cut after buyout

Most popular

The just-drinks analyst returns

Coronavirus paves the way for e-commerce boom

"Europe is so primed for hard seltzer" - interview

The just-drinks analyst returns

How to reach Gen Z in the coronavirus era - focus

MORE

Renaissance Capital has cut its rating on Sun Interbrew. The broker reduced Sun Interbrew's B shares, or voting stock, to "hold" from "buy" following the Belgian brewer's buyout of SUN Trade from the venture yesterday.

Renaissance said it maintained its 'hold' recommendation on non-voting A shares and kept target prices for both unchanged.

"Uncertainty remains with regards to the future of SUN Interbrew's minority shareholders," Renaissance said in a research note.

"Free float has fallen to 8.8% of total capital ... which is a negative development."


Sectors: Beer & cider

Companies: Anheuser-Busch InBev

Related Content

Anheuser-Busch InBev unveils localised Budweiser cans for Detroit's Big Sean

Anheuser-Busch InBev unveils localised Budweiser cans for Detroit's Big Sean ...

The Coca-Cola Co CEO confirms US hard seltzer launch for 2021

The Coca-Cola Co CEO confirms US hard seltzer launch for 2021...

Has Diageo opened the door to a takeover, will alcohol-free spirits really take off and is Anheuser-Busch InBev looking for a new leader? - The just-drinks Analyst

Has Diageo opened the door to a takeover, will alcohol-free spirits really take off and is Anheuser-...

Anheuser-Busch InBev takes first hard seltzer to China

Anheuser-Busch InBev takes first hard seltzer to China...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?