Local brewer, Accra Brewery Limited is to de-list from the Ghana Stock Exchange, giving its minority shareholders a chance to sell off their stake to Overseas Brewery Limited, the majority shareholder. The move if successful will give the parent company, SAB Miller a hundred percent stake in ABL. SAB Miller currently owns a 70 percent stake in ABL through its subsidiary, Overseas Brewery Limited. The de-listing must however first be approved by shareholders at an Annual General Meeting scheduled for next month. The largest minority shareholder is however said to be in favor of the deal. Overseas Brewery Limited is proposing to purchase each share held for 13 Ghana pesewas higher than the prevailing market price of 8 pesewas. The move is similar to the recent de-listing by car dealer CFAO as well as British America Tobacco, BAT. ABL’s Managing Director Greg Metcalf tells Joy Business the decision is to enable a capitalization of the business. He said the listing becomes the only viable option to invest into the future. He added that ABL will continue to operate in Ghana and allow the company to expand. "Our employees jobs are secured," he told Joy Business' George Wiafe adding "we will still continue to operate as if nothing has changed." Source: Joy Business/Myjoyonline.com/Ghana