The challenge
In 2010, SAB (now SABMiller, part of AB InBev) created a BBBEE Programme that would redress historical imbalances, drive socioeconomic progress and benefit stakeholder groups who had played a role in SAB’s success. They needed a partner who could assist with the unwind of this massive BEE programme.
The RMB solution
RMB partnered with SAB as advise on the unwind of its historic broad-based BEE transaction, SAB Zenzele, resulting in 40,000 SAB employees, retailers and the SAB Foundation receiving AB InBev shares or cash totalling R8.6-bn.
In addition, RMB, acting as joint global co-ordinator and bookrunner, concluded a R7.5-bn placement of AB InBev shares to settle the cash payouts. .
Proven results
RMB is proud to be associated with SAB on this truly broad-based programme, tangibly benefitting their employees, stakeholders and communities across South Africa.
The unwind of SAB Zenzele has resulted in 40,000 SAB employees, retailers and the SAB Foundation benefitting with either AB InBev shares or cash totalling R8.6-bn.
By partnering with RMB, SABMiller was able to realise its promise to its employees and stakeholders.
| Client | AB InBev |
|---|---|
| Deal value | R9.7-bn |
| Sector | Retail |
| RMB's role | Sole financial adviser, joint global co-ordinator and bookrunner |
| Capability | Corporate finance advisory |
| Country | South Africa |