HONG KONG: The Asia business of Anheuser-Busch InBev, the world's largest brewer, filed on Friday a draft prospectus for an initial public offering , which two sources with knowledge of the matter said could be worth at least US$5 billion.
AB InBev's Asia-Pacific region, whose main markets are China and Australia, last year made up 18per cent of group volume and 14per cent of underlying operating profit. Its revenues were US$8.47 billion. AB InBev aims to spin off the business to reduce its net debt, which stood at US$102.5 billion at the end of December, a figure inflated by its late 2016 purchase of nearest rival SABMiller for around US$100 billion.It wants to bring its net debt/EBITDA ratio to around two times from a multiple of 4.6 at the end of last year. With that goal, it has halved its proposed dividend and said payouts will only grow slowly.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »