AB InBev: reconsidering IPO of Asia-Pacific unit
(CercleFinance.com) - Anheuser-Busch InBev shares are up today in Brussels after the world's largest brewer said that it had resumed application for the listing of a minority stake in its Asia-Pacific unit on the Hong Kong Stock Exchange.
In July, AB InBev cancelled the public offering, citing "poor market conditions."
The deal was intended to help the company raise between 8 billion and 10 billion dollars to cut debt.
According to the Wall Street Journal, the Belgian beer giant is now weighing up the idea of a "slimmed-down" IPO in Hong Kong.
Its shares are currently up 4% at 88.8 euros on Euronext Brussels.
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