Secondary blocks market thaws with ABI sale
A trade in Belgian-listed brewer AB InBev has reopened the secondary blocks market with a sale of a €375.35m block by South African Breweries on behalf of participants in the Zenzele Black Economic Empowerment Scheme.
The sale came after a rally in share prices on optimism that the Covid-19 pandemic is beginning to ease in some of the worst hit jurisdictions, including Spain and Italy. The Euro Stoxx 50 has risen 3.2% from a week ago.Ahead of the deal launch, AB InBev closed ...
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