Anheuser-Busch InBev or AB InBev has today announced that its Asia Pacific subsidiary, Budweiser Brewing Company APAC Limited to go on an Asian initial public offering, IPO.
The company said its Asian unit has filed an application to list a minority stake of its shares on the Hong Kong Stock Exchange.
It would be recalled that PageOne.ng reported that AB InBev would be listing its Asian unit, in a bid to increase its leadership in the region’s consumer goods market.
The company said in a statement that: “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. This press release does not represent an offer to sell nor a solicitation to buy shares in the company.”
J.P. Morgan Securities (Far East) Limited and Morgan Stanley Asia Limited are advising the beer giant on the potential IPO.
AB InBev is operating in Nigeria as Interfact SAB Miller as a private company.