Thursday, 04 July 2019
AB In-Bev’s Asia-Pacific subsidiary, Budweiser Brewing Company APAC, will be listed on the Hong Kong Stock Exchange from July, a move that will enable the world’s biggest brewery to raise up to 9.8 billion dollars.
Proceeds from the initial public offering will be invested mainly in developing the group’s operations in Japan.
Budweiser Brewing Company APAC Ltd comprises AB InBev’s Asian operations. It is active mainly in China, Australia, South Korea, India and Vietnam.
The company submitted its application for inclusion on the Hong Kong Stock Exchange in May last, in what could be a launch pad for future development in the region.
Budweiser Brewing Company APAC’s Flemish CEO, Jan Craps, said at a press conference in Hong Kong that there were still many markets where it was not in the number one or number two spot, especially in Japan and Southeast Asia.
He added that there were many “very interesting” markets where it could collaborate with regional breweries to provide consumers with more choices.
The Brussels Times