AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources


FILE PHOTO: Portfolio beer brands of Budweiser Brewing Company APAC Ltd are displayed during a news conference on the company’s IPO in Hong Kong, China July 4, 2019. REUTERS/Andrew Geoffrey Jackson

HONG KONG (Reuters) – The world’s largest brewer, Anheuser-Busch InBev (ABI.BR), which shelved a Hong Kong IPO of its Asia Pacific unit in July, is planning to raise about $5 billion from a revived float, people with knowledge of the matter said.

AB InBev, which had aimed to raise as much as $9.8 billion in the IPO of Budweiser Brewing Company APAC Ltd (1876.HK) to help with its heavy debt burden, aims to re-launch the float as soon as next week, the sources said.

It is tentatively looking to price the deal on September 23 and list the unit on September 30, one source said.

AB InBev and Budweiser APAC did not respond to requests for immediate comment.

The sources declined to be identified as the information was private.

Reporting by Julie Zhu; editing by Jason Neely

Our Standards:The Thomson Reuters Trust Principles.

2019-09-12 10:21:50

Read more from source here…