AB InBev to offer IPO in Asia

The world’s biggest brewer, AB InBev, is putting out an initial public offering (IPO) for a small stake in its Asian business to reduce its debt load and possibly look for new acquisitions in the region.

Budweiser brewer AB Inbev

The sale is expected to raise as much as US$9.8 billion, with 1.6bn shares being offered on the Hong Kong Stock Exchange at HK$40-47 (US$5.13 to $6.02) apiece.

AB InBev is still struggling along with close to US$102bn in debt following its acquisition of SABMiller in 2016 and this flotation would be helpful in paying off a chunk.

As reported by the Financial Times, investor demand could see the company’s Asian operations valued at US$54bn to US$63bn.

Chief executive Carlos Brito has also previously indicated that the company could be on the lookout for acquisitions in the region as well.

Most of the company’s profits at present come from South Korea and Australia but Chinas is forecast to be the main source of growth before too long and imported brands are marketed as luxury items.

The shares are expected to go in offer on 19 July.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Fine Wine Sales Executive

Roberson Wine
London, UK

Account Manager - London Trade Sales

Bancroft Wines Ltd
London, UK

Brand Manager

Elixir Distillers
Park Royal, London UK

Marketing Assistant

Speciality Brands
Park Royal, London, UK

Key Account Manager

MMI Maldives

Financial Controller

London City Bond
Barking, UK

Duty Manager

The Whisky Exchange
Great Portland Street, London

Spirits Advisor

The Whisky Exchange
London, UK

International Sales Manager

Elixir Distillers
Park Royal, London, UK

Millésime Bio 2020

27th Jan 2020

Maisons Marques et Domaines Annual Tasting

London,United Kingdom
29th Jan 2020

Austrian Wine Tasting

London,United Kingdom
3rd Feb 2020
Click to view more