HONG KONG: The company that makes Stella Artois and Budweiser hopes to raise almost US$10 billion by listing on the Hong Kong stock exchange, marking what would be the world's biggest initial public offering this year, a report said on Tuesday .
The cash would allow Budweiser to create a"local champion" and help AB InBev reduce its debt, according to chief financial officer Felipe Dutra. Belgian-Brazilian giant Anheuser-Busch, the world's biggest brewer, which bought its competitor SABMiller in 2016, saw its profits decline 14.7 per cent to US$6.793 billion last year but forecast strong growth this year.If it reaches its potential the IPO would be the biggest in the world since Uber's listing earlier this year earned US$8.1 billion.
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Source: BusinessTimes - 🏆 15. / 51 Read more »