AB InBev: over-allocation option exercised on Budweiser APAC
(CercleFinance.com) - AB InBev announces that the over-allocation option relating the IPO of a minority stake in its Asia-Pacific subsidiary Budweiser APAC has been exercised in its full up to a total of 217,755,000 shares.
These shares represent approximately 15% of the total number of shares offered under the IPO prior to any exercise of the option. After this exercise, the beer giant will control 87.22% of the issued share capital of Budweiser APAC.
AB InBev expects the additional gross proceeds from the exercise of the option to reach 5,879 million Hong Kong dollars (approximately 750 million US dollars). It intends to use the net proceeds of the offer to repay debt.
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These shares represent approximately 15% of the total number of shares offered under the IPO prior to any exercise of the option. After this exercise, the beer giant will control 87.22% of the issued share capital of Budweiser APAC.
AB InBev expects the additional gross proceeds from the exercise of the option to reach 5,879 million Hong Kong dollars (approximately 750 million US dollars). It intends to use the net proceeds of the offer to repay debt.
Copyright (c) 2019 CercleFinance.com. All rights reserved.