AB InBev confirms its presence on Hong Kong stock exchange
On 17 September, the Belgian-Brazilian brewery confirmed its plan to go public in Hong Kong. We tell you everything about this news here.
AB InBev hope to raise 5 billion euros, which would be the second highest IPO of the year. In fact, the group wants to divest part of its Asian branch Budweiser Brewing Company APAC Limited. Thanks to this fundraising Ab InBev hopes to establish itself in new regions, especially in Southeast Asia.
AB InBev owns 500 beer brands worldwide (Budweiser, Corona, Stella Artois…), and they specified that they would propose about 10% of the Asian branch at a price of 27 to 30 HK dollars per share.
These beer brands maintain higher value growth
Only in July, the statistics of the brewing group were published, announcing the leadership of Budweiser, but also the performance of the Asian brands.
Chinese beer brands such as Tsingtao and Snow recorded the highest value growth. In other words, they increased by 49% and 52% respectively.
Don’t drink and drive. Enjoy responsibly.