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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.