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Brewer AB InBev could float Asia business in Hong Kong

Credit: Reuters Studio
Published on May 7, 2019 - Duration: 01:04s

Brewer AB InBev could float Asia business in Hong Kong

Anheuser-Busch InBev, the world's largest brewer, is considering listing a minority stake in its Asian operations to create a separate business that could lead consolidation of brewing in the region.

Edward Baran reports.

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Brewer AB InBev could float Asia business in Hong Kong

It may be the world's largest brewer... But, facing stiff competition in a huge market, AB InBev says it might list a minority stake in its Asian operations.

The move could help the Belgium-based company, whose brands include Stella Artois, reduce its debts.

It's more than $100 billion in the red after its purchase of nearest rival SABMiller in 2016 ... The company says the main merit of a Hong Kong listing would be to create what it calls a 'champion' in the Asia-Pacific market.

Sales are growing and wealthier consumers are trading up to premium beers like its Budweiser or Corona.

Analysts say the Asian business would be worth around $40-50 billion.

That means the company could reduce debts by up to $20 billion.

For its first quarter, AB InBev said earnings came in at $4.99 billion, an organic increase of 8.2 percent.

Shares were up 1 per cent in early trading.....and they're up more than a third so far this year,

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