Megabrew: Anheuser-Busch InBev shares rise on Euronext Brussels days after swallowing up SABMiller

Francesca Washtell
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AB InBev brews Budweiser (Source: Getty)

Shares in the world's largest brewer Anheuser-Busch InBev (AB InBev) have risen 1.6 per cent on the Euronext Brussels exchange two days after it swallowed up British drinks giant SABMiller in a £79bn takeover.

AB InBev's stock was trading at €115.05 on the Euronext Brussels stock exchange, which is the primary listing for the newly-merged company.

Read more: Japan's Asahi to bid for SABMiller's European beers once Megabrew closes

The company also has three secondary listings on the Johannesburg Stock Exchange, the Mexico Stock Exchange and the ADSs arm of the New York Stock Exchange, where its shares closed up 0.53 per cent yesterday to $128.17.

The more than year long tie-up process between AB InBev and SABMiller completed on Monday, with listings on the four exchanges scheduled to launch at the respective opens yesterday.

Read more: SABMiller urges shareholders to toast AB InBev's megabrew deal

AB InBev has kept its name as a result of the merger and is expected to dismantle much of SABMiller's UK presence over the coming couple of years. Around three per cent of the combined workforce, or 5,500 employees, will be offloaded.

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