Budweiser brewer AB InBev to sell its Australian unit to Japan's Asahi for $11.3 billion including debt, after pulling an IPO of its Asia unit
Anheuser-Busch InBev SA agreed to sell its Australian unit to Japan’s Asahi Group Holdings Ltd. for $11.3 billion, including debt, as it pushes forward with an effort to sell assets and pare debt after pulling an initial public offering of its Asia-Pacific businesses.
AB InBev last week canceled an IPO of its Asian businesses, in which it aimed to raise nearly $10 billion, citing market conditions, scrapping what would have been the largest listing of the year. The primary aim of the listing was to reduce the company’s debt...
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