(PRESS RELEASE) BRUSSELS, 10-May-2019 — /EuropaWire/ — Budweiser Brewing Company APAC Limited, the Asia Pacific (APAC) subsidiary of Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH), has announced application filing for a potential IPO on the Hong Kong Stock Exchange.
Budweiser Brewing Company APAC Limited relies on a portfolio of more than 50 beer brands, which it either owns or has licensed, including Budweiser, Stella Artois and Corona, Hoegaarden, Cass, Great Northern, Harbin and Victoria Bitter and is Asia Pacific’s largest beer company measured by retail sales value. The company’s major markets are China, Australia, South Korea, India and Vietnam.
The joint sponsors for the potential IPO (initial public offering) will be J.P. Morgan Securities (Far East) Limited and Morgan Stanley Asia Limited.
This is a step consistent with exploring such an opportunity. No assurance can be given that this transaction will be completed and the decision to proceed will depend on a number of factors, including but not limited to, valuation and prevailing market conditions. The current press release does not represent an offer to sell nor a solicitation to buy shares in the Budweiser Brewing Company APAC Limited.
Anheuser-Busch InBev controls a diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona® and Stella Artois®; multi-country brands Beck’s®, Castle®, Castle Lite®, Hoegaarden® and Leffe®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Cristal®, Harbin®, Jupiler®, Michelob Ultra®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. The company employs approximately 175,000 people in nearly 50 countries worldwide as its 2018 revenue was 54.6 billion USD (excl. JVs and associates).
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Ingvild Van Lysebetten
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SOURCE: Anheuser-Busch InBev