Stock market analyst Nii Ampah-Sowah has welcomed moves by the majority shareholder of publicly listed brewer Accra Brewery Limited to re-capitalize the company. The strategy however, first involves de-listing ABL from the Ghana Stock Exchange so that the majority shareholder, Overseas Brewery Limited can buy out the thirty percent stake of the minority shareholders. SAB Miller, the parent company says this will enable it inject fresh capital into ABL to turn it around. Though the Head of Research at Databank Financial Services, Nii Ampah-Sowah welcomes the efforts to breathe new life into ABL, he tells Joy Business going off the exchange should have been the last option. “They believe that by de-listing they would be in a better position to embark upon a more aggressive drive to turn around their fortunes significantly. But the question we ask is, what could they do as a de-listed entity, what legal thing could they do as a de-listed entity which they couldn’t do a publicly quoted one. “…We think that there are other options they could explore,” he maintains. He adds that the move may derail efforts to drive more companies to list. Overseas Brewery Limited is proposing to purchase each share held for 13 Ghana pesewas higher than the prevailing market price of 8 pesewas and the largest minority shareholder is said to be in favor of the deal. The de-listing must however first be approved by shareholders at an Annual General Meeting scheduled for next month. Source: Joy Business/Myjoyonline.com/Ghana