AB InBev reverses Hong Kong IPO decision

16 July, 2019

By Shay Waterworth

Anheuser-Busch InBev has decided not to proceed with the announced public offering of a minority stake in its Asia Pacific subsidiary, Budweiser Brewing Company APAC, on the Hong Kong Stock Exchange due to a lack of demand.

AB InBev had been looking to sell a minority stake in Budweiser Brewing Company APAC, which markets 50 brands in Asia and Australasia.

But the largest brewing company in the world released a statement last week saying it would scrap the year’s biggest IPO, amounting to up to $9,8bn.

The statement read: “The company is not proceeding with this transaction due to several factors, including the prevailing market conditions. The company will closely monitor market conditions, as it continuously evaluates its options to enhance shareholder value, optimise the business and drive long-term growth, subject to strict financial discipline.”