AB InBev Rethinks About IPO for Budweiser in Hong Kong, Just 2 Months After Pausing it

AB InBev rethinks about IPO for Budweiser in Hong Kong, just 2 months after pausing it.

Anheuser-Busch InBev is reconsidering IPO for it’s APAC unit, Budweiser Brewing Company Asia Pacific in Hong Kong as reported by CNBC.

The IPO consideration for Budweiser Brewing Company Asia Pacific was paused 2 months.There is no assurance for the completion of the transaction.

AB InBev is the world’s largest who was aiming to sell a minority stake of it’s APAC unit for $9.8 billion.It was being done to reduce its debt burden.This was before it dropped its plans for the same.

The reconsideration will give new life to the HKEX.This is because a month ago that China’s Alibaba Group Holding had paused it’s plans for a listing of up to $15 billion because of the political instability of Hong Kong, as reported by Reuters.

This update has come post the HKEX $39 billion bid for LSE on Wednesday.

Written by

Sourabh Jain

Last updated on

September 12th 2019, 4:22 pm

Skip the daily news.
Subscribe to our Weekly newsletter for relevant market news and global trends.