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

blank - AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources
?m=02&d=20190912&t=2&i=1428962725&r=LYNXNPEF8B0C4&w=20 - AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

FILE Photo: Portfolio beer models of Budweiser Brewing Firm APAC Ltd are shown throughout a information convention on the company’s IPO in Hong Kong, China July 4, 2019. REUTERS/Andrew Geoffrey Jackson

HONG KONG (Reuters) – The world’s biggest brewer, Anheuser-Busch InBev (ABI.BR), which shelved a Hong Kong IPO of its Asia Pacific unit in July, is planning to elevate about $5 billion from a revived float, people with knowledge of the matter reported.

AB InBev, which experienced aimed to elevate as considerably as $9.8 billion in the IPO of Budweiser Brewing Corporation APAC Ltd (1876.HK) to enable with its weighty credit card debt load, aims to re-launch the float as shortly as up coming 7 days, the sources said.

It is tentatively seeking to price the deal on September 23 and listing the unit on September 30, 1 supply reported.

AB InBev and Budweiser APAC did not react to requests for speedy remark.

The resources declined to be determined as the info was personal.

Reporting by Julie Zhu editing by Jason Neely

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