Interbrew, the Belgian brewer, yesterday announced an initial public offering that could value it at up to E16bn ($13.8bn), the Financial Times reported. The company, the world's second largest brewer, plans to float 88.2m shares at between E30 and E38 a share, raising between E2.6bn and E3,3bn. Based on its existing equity this would give Interbrew a market capitalisation from E12.6bn to E16bn. Details of the IPO came as Interbrew reported that net profit rose 17 per cent to E122m in the first six months of 2000 on the back of a 30 per cent rise in sales.
