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.