BUD - Anheuser-Busch InBev SA/NV

NYSE - NYSE Delayed Price. Currency in USD
96.40
-1.07 (-1.10%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close97.47
Open96.34
Bid95.92 x 900
Ask96.79 x 800
Day's Range96.02 - 97.01
52 Week Range64.55 - 102.70
Volume1,113,327
Avg. Volume1,603,788
Market Cap187.594B
Beta (3Y Monthly)1.35
PE Ratio (TTM)25.98
EPS (TTM)3.71
Earnings DateN/A
Forward Dividend & Yield2.03 (2.08%)
Ex-Dividend Date2019-05-07
1y Target Est106.23
Trade prices are not sourced from all markets
  • 3 Reasons Altria’s Investment in Cronos Group Stock Is Positive for CRON
    InvestorPlace

    3 Reasons Altria’s Investment in Cronos Group Stock Is Positive for CRON

    Cronos Group (NASDAQ:CRON) stock fell 5.2% on Sept. 9 as a result of investors' concerns about the cannabis company's focus on vaping products. Those offerings have come under severe scrutiny in recent weeks, due to the death of six people from lung disease related to their use. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsCronos isn't the only cannabis company to have a vested interest in the success of vaping pens, but at the moment, it appears to be the biggest player taking it on the chin as a result of the recent health scare. If you own CRON stock, now is the time to be thankful that Altria (NYSE:MO) owns 45% of the cannabis company, with an option to buy an additional 10% in the future. Here are three reasons why that's the case. * 7 Discount Retail Stocks to Buy for a Recession Altria Understands Lungs Better Than MostWho would have more knowledge about how our lungs operate than a company whose products are directly responsible for harming them?Altria would not have made a $12.8 billion investment in Juul Labs or a $1.8 billion investment in CRON stock if it didn't understand the health risks associated with vaping. MO has been down this road many times with cigarettes. The fact that President Trump and his administration are trying to crack down on the sale of flavored e-cigarettes, while understandable, isn't really crucial for CRON stock. According to the Center for Disease Control and Prevention, 480,000 Americans die each year due to smoking. That's a staggering amount. However, we haven't seen cigarettes outlawed as a result of that sad situation. In fact, the FDA is currently trying to ban the sale of menthol cigarettes, but the tobacco companies will continue to fight the agency's legal efforts for years to come. Flavored e-cigarettes will likely take a long time to ban. The reality is that Altria understands what's at stake when it comes to vaping and e-cigarettes. They, along with the rest of the industry, are not going to go quietly into the night. Remember, the NRA isn't the only trade group in the U.S. with a powerful lobby. CRON Stock and a Potential MergerIn recent weeks, Altria's been negotiating with Philip Morris International (NYSE:PM), the owners of the Marlboro brand outside the U.S., to reunite after 11 years as separate companies. Last October, before Altria bought up a big chunk of CRON stock, I suggested that Philip Morris should make a play for one of Canada's big cannabis companies. "The tobacco companies were born to manufacture and sell the various by-products of the cannabis plant which includes marijuana and hemp," I wrote at the time. "The fact that only now are they considering a move -- after legalization in Canada -- suggests they've been irreparably scarred by years of tobacco litigation."Cowen & Co. analyst Vivien Azer recently suggested that the crackdown on vaping flavoring might be the nudge CRON and MO needed to officially tie the knot. After an acquisition, CRON would be controlled by a company with $54.7 billion pf annual revenue and $14.3 billion in free cash flow, providing it with plenty of capital to fight any potential opposition to cannabis vaping in the future. Altria Has a Beverage UnitCronos isn't the only cannabis company with a big focus on vaping. Aurora Cannabis (NYSE:ACB) is focusing on vape pens and edibles while ignoring cannabis beverages.I believe that's a mistake. Perhaps not a lethal one, but a mistake nonetheless. The older people get, the less they want to be messing with their lungs,. That's why I think cannabis-infused drinks will win in the end. Altria, although not nearly as involved in the alcoholic beverages industry as it once was, still owns premium wine producer Ste Michelle Wine Estates. In addition, as a result of Anheuser-Busch's (NYSE:BUD) $100-billion acquisition of SABMiller in 2016, Altria owns 10% of BUD stock.It's hard to imagine Budweiser turning down an opportunity to partner with Atria and Cronos to produce cannabis-infused drinks on a global basis. As long as Altria continues to own a big chunk of Cronos Group stock, I don't think investors need to overreact to the latest health concerns surrounding vaping. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 Reasons Altriaa€™s Investment in Cronos Group Stock Is Positive for CRON appeared first on InvestorPlace.

  • 4 Stocks to Ride on the CBD-Infused Beverage Trend
    Zacks

    4 Stocks to Ride on the CBD-Infused Beverage Trend

    CBD-infused drinks are gaining fast popularity among all age groups, thanks to its many health benefits.

  • ECB Launches Fresh Stimulus! Grab 5 European Stocks Now
    Zacks

    ECB Launches Fresh Stimulus! Grab 5 European Stocks Now

    The ECB has unveiled a sweeping stimulus package in an attempt to prevent a sluggish Eurozone economy from grinding to a halt.

  • AB InBev Unit Revisits Hong Kong Listing, Plans $5B IPO
    Zacks

    AB InBev Unit Revisits Hong Kong Listing, Plans $5B IPO

    AB InBev (BUD) revisits Hong Kong listing, with improved market conditions and an attractive offer for investors.

  • Police probing AB InBev in New Delhi tax evasion case
    Reuters

    Police probing AB InBev in New Delhi tax evasion case

    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.

  • India police probing AB InBev in New Delhi tax evasion case
    Reuters

    India police probing AB InBev in New Delhi tax evasion case

    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.

  • Ambev Stock Might Be the Best Beer Bet Heading into 2020
    InvestorPlace

    Ambev Stock Might Be the Best Beer Bet Heading into 2020

    Back in April, I featured Brazilian beer company Ambev (NYSE:ABEV) in an article about the best large-cap stocks to own under $10. As I write this, Ambev stock is up 4.5%.Source: Daniel Spiess via FlickrThe two other stocks recommended: Ford (NYSE:F) is down 1.6% and Sirius XM (NYSE:SIRI) is up 13.7%. Over the same five months, the S&P 500 is up 2.5%, an indication that low-priced stocks did well over the summer.As for Anheuser-Busch (NYSE:BUD), who owns more than 60% of ABEV stock is up 6.9% over the same period, 240 basis points higher than its Brazilian subsidiary. However, year to date it's up 45.0% including dividends through Sept. 11, 2.4 times Ambev's total return for the year. InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith three-and-a-half months left in 2019, I'm wondering if ABEV, BUD, or some other beer stock is the best bet heading into 2020. Ambev Stock is the Best BetAmbev's 15-year total annual return is quite good, at 11.2%. That trails both its brewing peers and the Brazilian market at 13.5%. However, the entire U.S. market over this period could only muster a total return of 9.3%. * 10 Battered Tech Stocks to Buy Now My InvestorPlace colleague Vince Martin recently highlighted in an article in late August that Ambev has a much stronger balance sheet than its parent and is growing its normalized EBITDA on an organic basis at more than 10% per year. In the first six months of 2019, Ambev's revenues increased by 7.4%. Three of its operating segments: Brazil, Central America and the Caribbean, and Canada delivered growth while only the company's South American division (excluding Brazil) experienced declining sales. South America might be experiencing a craft beer boom but Ambev's holding its own in a very competitive market. It's also important to remember that Ambev also makes non-alcoholic beverage products. In the first six months of 2019, it grew this segment by 19.6%, accounting for 15% of Ambev's overall revenues. Although Ambev has only paid an eight-cent dividend so far in 2019, its goal is to deliver an average annual yield of 5%. Currently, its forward dividend yield is 5.2%. Over the long haul, buying ABEV stock under $5 should deliver above-average results, including the dividends. Bud's the CallEven though Budweiser might have a ton of debt on its balance sheet (its net debt at the end of June was $104.2 billion) it still managed to generate $9.1 billion in free cash flow in the first six months of the year. On an annualized basis over the trailing 12 months, BUD had $11.5 billion in free cash flow, $54.1 billion in revenue, and a free cash flow margin of 21.1%. This means it's generating 21 cents of free cash flow for every $1 of revenue.Anheuser-Busch said to be reviving its IPO plans for its Asian business, a move that's expected to raise $5 billion and give it additional liquidity on the remainder of its ownership stake, the company's giving itself financial flexibility to pay down debt, repurchase shares, buy a cannabis company, or countless other things it could do with the funds. The point is, Anheuser-Busch is the largest beer company in the world. Investors shouldn't have a problem with a dividend yield of 3.5% given the appreciation it's experienced so far in 2019. The Bottom Line on Ambev StockIf you're not sure which beer company to back, a good alternative would be to buy a thematic portfolio, either through an ETF, mutual fund, or third-party provider such as Motif Investing. Motif currently has a portfolio called "Take a Shot" that invests in makers of alcoholic beverages including BUD and ABEV, which account for 19.4% and 16.6% of the portfolio, respectively. Beer stocks account for 46.3% of the portfolio with wine and spirits, accounting for the rest.Over the past year, it's generated a return of 8.6%, better than both the S&P 500 and the Invesco Dynamic Food & Beverage ETF (NYSEARCA:PBJ). At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Ambev Stock Might Be the Best Beer Bet Heading into 2020Â appeared first on InvestorPlace.

  • Bloomberg

    Pulled Hong Kong IPOs Rise From The Ashes

    (Bloomberg) -- Two Hong Kong initial public offerings that had been postponed earlier this year are rearing their heads again.Warburg Pincus-backed ESR Cayman Ltd., a logistics real estate platform, on Friday refiled listing documents with the Hong Kong stock exchange, a day after the world’s largest brewer Anheuser-Busch InBev did the same for its Asian unit.The potential return of the two deals, which had initially sought to raise about $11 billion between them, marks a remarkable turnaround for the fortunes of the Hong Kong stock exchange, which is languishing behind Shanghai and New York in terms of IPO proceeds. Companies have only raised $10.8 billion in Hong Kong IPOs so far this year, less than the amount withdrawn, according to data compiled by Bloomberg.Budweiser Brewing Company APAC Ltd. -- AB InBev’s Asian unit -- and ESR Cayman are respectively the largest and third-biggest pulled deals globally this year, the data show. Should they successfully complete their IPOs on the second attempt, it would give a boost to investor confidence and other prospective issuers waiting in the pipeline.Market confidence has been hit hard by ongoing anti-government protests in Hong Kong and the U.S.-China trade war, causing some Chinese companies to shift their IPOs to the U.S. The fact that AB InBev and ESR Cayman had to put off their IPOs because of lackluster investor demand underscores price sensitivity among the investors, many of whom lost money on IPOs last year and are pushing back against lofty valuations.IPO activity has picked up significantly in Hong Kong in recent weeks. Shanghai Henlius Biotech is set to be the first company since July to price a deal over $100 million when it closes its books next week, while Bank of Guizhou, Home Credit and Topsports International Holdings are currently gauging investor demand for deals that could fetch around a billion each.UPCOMING LISTINGS:Budweiser Brewing Company APAC Ltd.Hong Kong exchangeSize about $5bLaunching as soon as next weekJPMorgan, Morgan StanleyShanghai Henlius BiotechHong Kong exchangeSize up to $477mTaking orders from Sept. 11Pricing Sept. 18BofA Merrill Lynch, CICC, Citi, CMBI, Fosun HaniTopsports International HoldingsHong Kong exchangePremarketing started Sept. 9Size about $1bBank of America, Morgan StanleyLendlease Global Commercial REITSingapore exchangePremarketing started Sept. 2Citi among joint bookrunnersAsset WorldThailand exchangePrice: 6 bahtSize up to $1.6bProperty arm of billionaire Charoen SirivadhanabhakdiListing date: Oct. 10Home CreditHong Kong exchangePremarketing started Sept. 2Citi, HSBC, Morgan StanleyAllHome (home-furnishing retailer)Size up to $347mOpened books Sept. 13Pricing Sept. 26Listing Oct. 10Owned by billionaire Manuel VillarBhakti Agung PropertindoJakarta exchangePrice: 150 rupiahIssuance date: Sept. 13Listing date: Sept. 16Telefast Indonesia (provider of enterprise software solutions)Jakarta ExchangeKresna Sekuritas and Trimegah SekuritasOffering expected Sept. 9-11Expected listing Sept. 16More ECM situations we are following:Hong Kong biotech IPOs shine with 24% gain in just over a yearBernstein analysts give AB InBev’s Budweiser Brewing Company APAC Ltd. excluding the Australian assets an enterprise value of $52b on a 12-month forward basis, which implies a next-12-months EV/Ebitda multiple of 22.6x, they say in a noteChina’s Uber-for-trucks startup Full Truck Alliance said it’s weighing an initial public offering after breaking even from May, defying a sector-wide downturnAllHome Corp. and shareholder AllValue Holdings Corp. offer as much as 1.125b shares at 11.50-14.00 pesos apiece in an initial public offering in the Philippines, according to terms for the deal obtained by BloombergAccording to the draft registration statement for Metro Pacific’s IPO of its hospital unit, the company expects to sell 381.3 million shares of the unit in the Philippine IPOSEE ALSOAsia ECM Weekly AgendaIPO dataU.S. ECM WatchEU ECM WatchTo receive the ECM Watch in your inbox daily, click the “subscribe” button at the top of this articleTo contact the reporter on this story: Julia Fioretti in Hong Kong at jfioretti4@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Teo Chian Wei, Margo TowieFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    Drunk in love: will a multinational listing help HKEX tempt LSE away from Refinitiv?

    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.

  • Benzinga

    Report: AB InBev's Asia IPO Could Still Be Launched

    Anheuser Busch Inbev NV (NYSE: BUD ) is reconsidering its decision to halt a spin-off of its Asia business, sources close to the matter told Reuters. What Happened Budweiser's parent company decided against ...

  • Companies to Watch: Kroger posts mixed quarter, AB Inbev may revive IPO plans, Groupon faces massive pressure
    Yahoo Finance

    Companies to Watch: Kroger posts mixed quarter, AB Inbev may revive IPO plans, Groupon faces massive pressure

    Kroger, AB Inbev, Groupon and Hertz are the companies to watch.

  • Bloomberg

    Who Wants to Pick Up a $50 Billion Beer Giant’s Bar Tab?

    (Bloomberg Opinion) -- This year’s biggest initial public offering since Uber is back on. Anheuser-Busch InBev NV is reviving plans for an IPO of Asian subsidiary Budweiser Brewing Company after the embarrassment of pulling the sale in July. The possible $5 billion listing has a better chance of success than last time, but investors still have a strong hand to push back on price.The deal failed last time for two reasons. Its sheer size – seeking to sell almost $10 billion of stock – fell foul of basic laws of supply and demand. If AB InBev had to find a lot of buyers, it didn’t make its life easy by attempting to sell the stock at an expensive multiple of expected earnings.The business is today smaller and more attractive. AB InBev wisely agreed to sell its low-growth Australian assets shortly before scrapping the listing. A clear majority of the Asian unit’s assets are now in fast-growing emerging markets, which makes a growth valuation is easier to justify. Meanwhile, the share prices of its listed peers have gone up. Moreover, AB InBev is cutting the offer size down. The supply-demand equation looks much easier to balance.This doesn’t change the fact that AB InBev needs this deal to happen, and has a vested interest in the shares performing well after they list. The Australian sale helps alleviate AB InBev’s very high debt burden, expected to fall to 3.5 times Ebitda by the end of next year from 4.8 times Ebitda at the last assessment. That also gives the company a bit of headroom to raise debt for acquisitions. Even so, the main advantage of an Asian listing remains the creation of a currency for doing deals. Its performance after listing will be crucial to that currency being acceptable, or a useful way of printing money.Shorn of Australia, the remaining business could deliver roughly $2.5 billion of Ebitda in 2020, according estimates from Bernstein research. Put that on 19 times, in line with Hong Kong-listed China Resources Beer Holdings Co. Ltd, and it suggests a trading value of around $50 billion, assuming negligible net debt.Investors need to be aware that the company’s growth ambitions are likely to involve more deal-making in region, which brings with it the risk of overpaying for already expensive assets, and botched integrations. On the long view, AB InBev’s acquisition strategy has delivered good returns for investors – twice those of the Stoxx Europe 600 index over the last decade. Even so, caution – and a reasonable discount – is warranted.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Stephanie Baker at stebaker@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters

    UPDATE 2-ECB stimulus draws tepid response from European stocks; banks end flat

    European stocks edged higher in choppy trading on Thursday, with banks underwhelmed by the European Central Bank's stimulus measures while Washington's move to delay tariffs on Chinese goods boosted automakers and technology firms. The pan-European stocks index gained as much as 0.8% after the ECB cut its deposit rate to a record low of -0.5% from -0.4% and said it will restart bond purchases of 20 billion euros a month from November. Gains in the STOXXE index wore off as the session progressed, however, with euro zone banks swinging on the news that the ECB was easing the terms of its cheap loan scheme to banks and introducing a tiered deposit rate.

  • Investing.com

    Stocks - Hertz, Activision Blizzard Rise Permarket; Oracle Falls

    Investing.com - Stocks in focus in premarket trading on Thursday:

  • Reuters

    UPDATE 3-AB InBev set to revive Budweiser Asia IPO with $5 bln float -sources

    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.

  • MarketWatch

    Anheuser-Busch InBev shares rally on plans for slimmed-down Hong Kong IPO

    Anheuser-Busch InBev shares jumped 4.6% in Belgium on Thursday amid reports the parent of beer giant Budweiser is planning to list a slimmer version of its Asia unit. The company is planning to raise $5 billion in an initial public offering for its Budweiser Brewing Co. APAC LTD. unit in a Hong Kong offering that could be done by the end of September, said sources cited by The Wall Street Journal. The news comes two months after the European beer giant called off that listing.

  • AB InBev Targets $5 Billion in Asian Unit’s Hong Kong IPO
    Bloomberg

    AB InBev Targets $5 Billion in Asian Unit’s Hong Kong IPO

    (Bloomberg) -- Anheuser-Busch InBev NV is aiming to raise about $5 billion in a Hong Kong listing of its Asian unit by the end of September, people familiar with the matter said, reviving a plan scrapped two months ago for what would have been the world’s biggest initial public offering of 2019.The Belgian brewer is gauging investor demand and will launch the deal as soon as next week, said the people, who asked not to be identified as the information is private. On Thursday, the company said the resumed listing application involves its minority stake in Budweiser Brewing Company APAC Ltd., without its Australian operations, which it agreed to sell to Asahi Group Holdings Ltd. for $11.3 billion shortly after shelving the IPO in July.The decision to proceed with the share sale would depend on “a number of factors and prevailing market conditions,” AB InBev said. A representative for the firm declined to make further comment.The listing could be a boost to the Hong Kong bourse at a time when the market has been roiled by the U.S.-China trade war and ongoing anti-government protests that have occasionally flared into violence. At $5 billion, the AB InBev Asia’s share sale would be the world’s second largest this year, trailing Uber Technologies Inc.’s $8.1 billion U.S. IPO in May, according to data compiled by Bloomberg.The Hong Kong dollar strengthened to the highest in a month as traders speculated that such large share sale will lock up funds and tighten liquidity in the city. The currency gained as much as 0.18% to 7.8247 versus the greenback, before trading at 7.8296 as of 3:29 p.m. local time. Shares of AB InBev jumped as much as 4% in early trading in Brussels, their biggest advance in seven weeks.AB InBev Bounces Back With Asahi Deal and Talk of New IPO The quick return to a possible IPO is the latest move in the beer giant’s whiplash plan to cut its $100 billion-plus debt pile after its mega-acquisition of SABMiller in 2016. Even as the initial IPO, which aimed to raise $9.8 billion, failed to garner enough support from institutional funds to meet the company’s ambitious expectations, Chief Executive Officer Carlos Brito was in separate talks to offload its Australian unit to the Japanese brewer Asahi.“The refile came earlier than we expected,” said Euan McLeish, a Hong Kong-based consumer analyst at Sanford C. Bernstein. “It’s not clear exactly why ABI is in such a rush when the Australian sale has materially reduced investor concerns over debt. Potentially they are looking to take advantage of high beer valuations in China, or perhaps they have an M&A deal waiting in the wings and they need a listing to execute it.”The removal of AB InBev’s Australian unit, in hiving off a slow-growing part of its Asia-Pacific empire, potentially makes the latest IPO plan more attractive to investors who balked at the previous deal’s valuation. Without Australia, the Asian unit’s revenue in 2018 was $6.7 billion, representing organic growth of 7.4%, said the company in its latest preliminary prospectus.In the earlier filing, the Asian unit including Australia had revenue of $8.5 billion, representing organic growth of 6.1%.Why Budweiser and Bankers Failed to Sell the King of IPOs AB InBev’s hope is that its leading position in the premium beer market in China -- with its millions of drinkers -- will still be attractive to investors, although it’s now facing rising pressure from competitors like Heineken NV, as well as shifting trends in Chinese tastes. While the Leuven, Belgium-based company commands 43% of the premium market in China, that’s down from 47% in 2014, according to data from Euromonitor International.JPMorgan Chase & Co. and Morgan Stanley are the joint sponsors of the deal, according to the prospectus.(Updates to add AB InBev share performance in fifth paragraph)To contact the reporters on this story: Carol Zhong in Hong Kong at yzhong71@bloomberg.net;Julia Fioretti in Hong Kong at jfioretti4@bloomberg.net;Jinshan Hong in Hong Kong at jhong214@bloomberg.net;Crystal Tse in Hong Kong at ctse44@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, ;Rachel Chang at wchang98@bloomberg.net, ;Lianting Tu at ltu4@bloomberg.net, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources
    Reuters

    AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

    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.

  • TheStreet.com

    [video]Anheuser-Busch InBev Revives Hong Kong IPO Plans

    The global beer and alcohol giant revives its application to list its Asia business in Hong Kong, two months after shelving what would have been one of the biggest initial public offerings of the year.

  • Financial Times

    AB InBev revives plan to list Asia business

    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.

  • Financial Times

    LSE/HKEX: beer of losing out

    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.

  • Reuters

    UPDATE 1-AB InBev resumes exploring Budweiser listing two months after pulling out

    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 set to revive Budweiser Asia IPO - sources
    Reuters Videos

    AB InBev set to revive Budweiser Asia IPO - sources

    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.

  • AB InBev Said to Target $5 Billion in Asian Unit IPO
    Bloomberg

    AB InBev Said to Target $5 Billion in Asian Unit IPO

    Sep.12 -- Anheuser-Busch InBev NV is aiming to raise about $5 billion in its resumed plans to float its Asian unit in Hong Kong, two months after it scrapped a listing that would have been the world’s biggest initial public offering this year, people familiar with the matter said. Fion Li reports on "Bloomberg Markets: Asia."