96.51 +0.11 (0.11%)
Pre-market: 8:12AM EDT
|Bid||96.53 x 900|
|Ask||96.59 x 800|
|Day's range||96.02 - 97.01|
|52-week range||64.55 - 102.70|
|Beta (3Y monthly)||1.35|
|PE ratio (TTM)||25.98|
|Forward dividend & yield||2.03 (2.08%)|
|1y target est||106.14|
Police in India's capital New Delhi are probing a case of alleged tax evasion involving Anheuser-Busch InBev, according to a police officer and a document seen by Reuters, a setback for the brewer already battling a three-year city ban. Local authorities barred AB InBev, the world's largest brewer, in July from selling its beer in the high profile New Delhi market for evading taxes. The Delhi ban followed an investigation by city authorities which found that beer maker SABMiller - acquired by AB InBev in 2016 for around $100 billion - used duplicate barcodes on its beer bottles supplied to city retailers that year, allowing it to pay lower taxes.
ESR Cayman Ltd, a logistics real estate developer backed by private equity firm Warburg Pincus, is readying a relaunch of its Hong Kong IPO three months after pulling a deal worth up to $1.24 billion, company documents show. The company joins a list of initial public offering (IPO) hopefuls aiming to take advantage of improving markets in the Asian financial hub, including a planned $5 billion listing of giant brewer Anheuser-Busch InBev's Asian operations and an over $1 billion float of consumer lender Home Credit. ESR, which manages property-focused funds and vehicles as well as its own directly held property investments, refiled a draft prospectus with the Hong Kong stock exchange late on Thursday.
One thing to start: the Swedish buyout group EQT has set the price range for its shares above expectations in a listing that values one of Europe’s largest private equity companies at as much as €6bn — about €2bn more than expected. The Belgian brewer is taking a second sip from the bourse cup, much to the delight of Charles Li (pictured below), the exchange’s chief executive.
Anheuser-Busch InBev is planning to raise about $5 billion from a revived float of its Asian operations after the world's largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said. AB InBev, which had aimed to raise as much as $9.8 billion through an IPO of Budweiser Brewing Company APAC Ltd to help with its heavy debt burden of over $100 billion, aims to re-launch the float as soon as next week, the sources said. The listing would be a boost for the Hong Kong Stock Exchange after Reuters reported last month that China's biggest e-commerce company Alibaba Group Holding Ltd had delayed a Hong Kong listing worth up to $15 billion amid growing political unrest there.
Anheuser-Busch InBev has revived plans to list its Asian business just two months after it scrapped what would have been the year’s biggest initial public offering amid lacklustre investor demand. The world’s biggest brewer said on Thursday it had “resumed its application” to the Hong Kong Stock Exchange to list shares in its Budweiser APAC division, which produces, imports and sells more than 50 beer brands in the region including Budweiser and Stella Artois. The flotation is set to take place before the end of the month, according to a person close to the plans, following bookbuilding next week.
If Charles Li needs a beer to weep into, Budweiser would be the appropriate brew. Brand owner Anheuser-Busch InBev has revived plans to list its Asia-Pacific business on the Hong Kong stock exchange, which he runs. Just the kind of good news he needs following a negative reception for his plan to buy the London Stock Exchange at an enterprise value of £31.6bn.
Anheuser-Busch InBev said on Thursday it is continuing to explore an initial public offering in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd, two months after saying it will not proceed with the planned listing. The company's Asia Pacific unit has resumed its application for the listing of a minority stake of its shares on the Hong Kong Stock Exchange, it said on Thursday, adding no assurance can be given on whether the transaction will be completed. AB InBev, the world's largest brewer, was aiming to sell as much as $9.8 billion in Budweiser stock to seek relief from its heavy debt burden before pulling out of the planned listing in July.
AB InBev and SABMiller were not immediately available for comment when contacted by Reuters. Distell approached the Competition Commission with allegations that the merged entity removed competitors' advertising material from retail outlets, among others, the tribunal said in a statement, adding that the Commission found there was no breach.
Anheuser-Busch Inbev (BUD) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
A spectre is haunting the global economic system. This capital, equivalent to the annual national income of China and Germany combined, plays no productive role in the economies which host it, instead it is moved around the world purely to reduce big companies’ tax bills. FDI statistics aim to capture when a company expands to a new country.
Consumer lender Home Credit is poised to offer the biggest test of Hong Kong's capital markets since China's Alibaba delayed plans for a $15 billion listing last month because of the political turmoil engulfing the city. Hong Kong's markets have been weakened by frequently violent pro-democracy protests and political turmoil over the past three months, slashing a 12% gain for the year to June on the blue-chip Hang Seng Index to a 3% positive performance by Monday. Police fired tear gas and rubber bullets to disperse demonstrators in the Central business district and the upmarket Causeway Bay shopping district on Sunday, as the city endures its worst social unrest since its handover from British rule to China in 1997.
AB InBev could be putting some fizz back into plans for an IPO of its Asia-Pacific business, Budweiser APAC. Those plans went flat back in July ... When, within days of a global roadshow, the giant brewer - the world's largest - dramatically shelved what would have been the largest IPO this year, citing market factors. Sources now tell Reuters AB aims to relaunch the float as soon as next week - and wants to raise about 5 billion dollars. That's around half its original ambitions. But could help scrape the top off a heavy debt burden - currently around 100 billion dollars. For its part, AB said in a statement it was continuing to explore an IPO in Hong Kong. The Asian unit no longer includes its Australian operations. They were sold to Japan's Asahi Group for 11 billion dollars shortly after the July decision. The sources say AB is tentatively looking to price the deal on September 23 and list the unit on September 30.