Budweiser Asia IPO to be Introduced by AB InBev
Post the world’s largest beer maker organized a Hong Kong IPO in July, Anheuser-Busch InBev has announced its plans to raise about $5 billion from a revived float of its operations in Asia.
As per sources, the firm aimed to raise nearly $9.8 billion through an IPO of Budweiser Brewing Company APAC in order to ease of its heavy debt burden worth more than $100 billion. The company is planning to launch the float as soon as possible in the coming week.
Two sources who refused to be identified claiming that the revealed information was private said that AB InBev is planning to finalize the deal on September 23 and properly list the unit on September 30.
In recent news, Alibaba, China’s biggest e-commerce firm delayed a Hong Kong listing of nearly $15 billion because of the tense environment in the city due to Hong Kong protests. In such a scenario, this listing by Alibaba will boost the Stock Exchange of Hong Kong.
One of the credible sources claimed, “The market conditions in recent days have improved and provided a good window, in which we should seize the opportunity to go ahead.”
In a hope that the withdrawal of the Extradition Bill would help the city move ahead from the ongoing turmoil of several months, Carrie Lam, a Hong Kong leader passed the bill receiving lot of appreciation. Since the announcement, the benchmark Hang Seng Index has rose by more than 6%.
This positive outcome has come after the Hong Kong Exchanges and Clearing Ltd reported a takeover approach worth $39 billion to the London Stock Exchange on Wednesday. The news received an optimistic response from all the investors concerned about financial issues and regulatory obstacles.
Two months’ post organizing the planned listing of up to $9.8 billion, AB InBev stated that they will continue to figure out an IPO in Hong Kong of Budweiser APAC.
Budweiser APAC has recently agreed to sell its patent to Japan’s Asahi Group for $11 billion just after the IPO was organized in July.
If sources are to be believed, an active participation and focus in the fast growing markets of China, India and Vietnam will help AB InBev to make an attractive IPO.
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