Anheuser Busch Companies (BUD)

[FUNMAN]

IPO details of AB InBev's Asia unit

Sep. 17, 2019 6:06 AM ET
About: Anheuser-Busch InBev SA/NV (BUD)
By: Yoel Minkoff, SA News Editor

This seems like a drop in the debt bucket.

Anheuser-Busch InBev (NYSE:BUD) is making another attempt at spinning off its Asian business in Hong Kong with the launch of an IPO that could be worth up to $6.6B.

The unit, Budweiser Brewing APAC, plans to sell 1.26B new shares at an indicative range of 27 to 30 Hong Kong dollars (US$3.45 to US$3.84), and may include a rare "upsize" option that will enable the sale of up to 40% more shares.

Proceeds will help AB InBev reduce its debt burden of over $100B, accumulated following the purchase of rival SABMiller in late 2016.