At long last
It’s official now. The question which has been bugging the industry for years - "When is Interbrew going to go public?2 - has been answered. Although Interbrew’s owners have long resisted going public, the CEO Hugo Powell said on the occasion of releasing Interbrew’s 1999 results that Interbrew was to be introduced to the stock exchange before the year end.
The management has been requested to evaluate all aspects linked to an initial public offering (IPO) and to advise the Board of Directors about the terms and timing of this transaction. The purpose of the IPO is to fill Interbrew’s coffers with the means for further growth. Depending on how much control the three families behind Interbrew are willing give up, the IPO could fetch as much as US$1.35 billion.4 billion (US$7.5%).04..
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