Bud Brewer Plots Asia IPO as Earnings Improve

Budweiser brewer Anheuser-Busch InBev SA confirmed plans for a potential public listing of its Asia arm, as the world’s largest beer company reported better-than-expected first-quarter earnings.

The Belgium-based company—which also owns Stella Artois globally and Corona outside the U.S.—said Tuesday it is exploring a listing of a minority stake of its Asia-Pacific business on the Hong Kong stock exchange. It said the move would help reduce its enormous debt pile, create a regional consumer-goods champion and give it a platform...

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