AB InBev has revived its plans for a public listing in Asia

The worlds largest brewer has revived its plans to list on the Hong Kong Stock Exchange, two months after it abruptly pulled the plug on the multi-billion dollar project.


(Photo: AB Inbev)

It is hoped the IPO would help the brewer raise funds to help reduce its debt and fund future acquisitions in the region.

AB InBev said on Thursday (12 September) it had “resumed its application” to list shares in its Budweiser APAC division on the Hong Kong Stock Exchange.

Its business in Asia imports and sells more than 50 beer brands including Stella Artois and Budweiser.

The brewer first applied for the listing in May, but scrapped the planned US$9.8 billion offering in July after a lukewarm reception from investors. AB InBev said that “market conditions” were not deemed favourable enough to go ahead with it at the time.

The brewer later agreed to sell its Australian subsidiary Carlton & United Breweries to Tokyo-headquartered Asahi shortly after the IPO was put on hold.

The deal is subject to closing conditions and regulatory approval, and if given the go ahead, is expected to be completed by the first quarter of 2020.

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Your email address will not be published.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

Global Chardonnay Masters 2019

Deadline : 25th November 2019

The Global Riesling Masters 2019

Deadline : 2nd December 2019

Click to view more

The Global Sparkling Masters 2019

View Results

The Global Cider Masters 2019

View Results

Click to view more