|Bid||96.37 x 800|
|Ask||96.42 x 2200|
|Day's range||96.32 - 96.50|
|52-week range||64.55 - 102.70|
|Beta (3Y monthly)||1.35|
|PE ratio (TTM)||26.01|
|Forward dividend & yield||2.03 (2.12%)|
|1y target est||N/A|
AB InBev wants to have another go at spinning off it Asian arm. The world's biggest brewer is planning a Hong Kong share sale worth up to 6.6 billion dollars. It would value the unit at between 45 and 50 billion dollars. If successful, it would be the world's second biggest flotation this year. Jan Craps is boss of the Asian unit. (SOUNDBITE) (English) JAN CRAPS, CEO OF BUDWEISER APAC, SAYING: "Theoretically of course it is possible that it does not go through. It's conditional to the right valuation and market conditions. But we are quite confident that investor interest is there." Success isn't guaranteed though. Back in July AB InBev tried to raise almost ten billion dollars selling the same unit. But that IPO was soon pulled. Reuters sources say investors thought the price too high. Now the new deal excludes AB InBev's Australian operations. They've been sold to Japan's Asahi. That leaves a business more focused on faster growing markets like China and Vietnam. If investors play ball, AB InBev will use the proceeds to pay down its massive debts. They hit more than 100 billion dollars following its purchase of rival SAB Miller in 2016.
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.
Shanghai Henlius Biotech has raised $410 million after pricing its Hong Kong initial public offering at the bottom end of the indicative pricing range, two people with direct knowledge of the matter said on Wednesday. Trading of its shares is scheduled to start on Sept. 25.
Anheuser-Busch InBev has scaled back its ambitions for an initial public offering of its Asian business, with the world’s largest brewer planning to raise about half what it aimed for just two months ago. The company, whose portfolio includes Stella Artois, Budweiser and Becks, said on Tuesday that it would raise up to HK$37.9bn ($4.8bn) selling shares in Hong Kong next week in a move that would value its Asian business Budweiser APAC at as much as $50bn. The second attempt to sell a minority stake in the Asian business comes two months after AB InBev abandoned plans to raise almost $10bn as investors balked at the price.
Anheuser-Busch InBev NV will brave jittery Hong Kong markets in a second attempt to spin off its Asian business on Wednesday, aiming to raise up to $6.6 billion in what could be the world's second largest IPO this year. The brewing giant, which in July tried to raise up to $9.8 billion through an initial public offering (IPO) of Budweiser Brewing Company APAC Ltd, said on Tuesday it would offer 1.3 billion shares at between HK$27 and HK$30 ($3.45-$3.83) apiece. The flotation will be a test of investor appetite following anti-government protests that have roiled Hong Kong for nearly four months and have weighed on the stock market.
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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.