South African Breweries (SAB), the London- and Johannesburg-listed brewer, has had to increase the size of its follow-on equity offering, demonstrating that investors still have demand for shares despite the wave of paper in recent weeks.
The offer size went up from £250m (€401m) to £200m as the book was covered more than three times. One source close to the deal said: "We had to increase the size of the deal to stop the complaining from investors."
