Budweiser-maker AB InBev shareholder E.P.S. to sell 10 million shares in company
Major Shareholder E.P.S. Plans Significant Share Sale in AB InBev
(Corrcts to add dropped words "legacy" and "to" in the first paragraph)
Details of the Share Sale
Aug 3 (Reuters) - Anheuser-Busch InBev's shareholder E.P.S. SA, a holding company representing some of the firm's legacy shareholders, is selling about 10 million shares in the Belgian brewer, according to JPMorgan Securities, the bookrunner of the placement.
Estimated Value of Shares
The shares would be worth about 752 million euros ($867.21 million), according to Reuters calculations based on Anheuser-Busch InBev's closing price on Friday.
Placement Process and Final Terms
The bookrunner said in a statement on Monday that the final terms of the placement, including the price per share and the number of shares sold, will be determined later.
Shareholding Structure
Current Holdings of E.P.S.
E.P.S. owns over 67 million shares in Anheuser-Busch InBev, about 3.75% of the company's outstanding stock, according to LSEG data.
Currency Exchange Rate
($1 = 0.8672 euros)
Reporting Credit
(Reporting by Disha Mishra in Bengaluru)