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.
