Business & Economy
AB InBev Makes Steady Progress on €1 Billion Share Buyback Program
Leuven, Belgium – Anheuser-Busch InBev (AB InBev), the world’s leading brewer, provided an update on its €1 billion share buyback program announced in October 2023.
Since the program’s launch on November 13, 2023, AB InBev has repurchased a total of 6,108,944 shares for €349.9 million (approximately $381 million). This represents 0.30% of the company’s total outstanding shares.
In the latest phase of the program, which ran from December 27 to 29, 2023, AB InBev bought back 445,796 shares at an average price of €58.43 per share.
“We are pleased with the progress of our share buyback program,” commented Michel Doukeris, CEO of AB InBev. “This initiative demonstrates our commitment to enhancing shareholder value and returning capital to our investors.”
The program, which has a total budget of €1 billion (approximately $1.1 billion), is authorized to run for 12 months from October 31, 2023. AB InBev will provide weekly updates on the progress of the program on its website at http://www.ab-inbev.com/investors.html.
About AB InBev
Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD).
With a portfolio of over 500 beer brands, including global brands Budweiser®, Corona® and Stella Artois®, AB InBev is the world’s leading brewer. The company employs approximately 167,000 people in nearly 50 countries worldwide.
