World's biggest beer maker looks to list shares in Asia
BRUSSELS (AP) — AB Inbev, the world’s biggest brewer and the owner of brands like Bud and Stella Artois, is considering listing some of the shares of its Asian business on the Hong Kong stock exchange.
The company, which is based in the Belgian town of Leuven, said Tuesday that the move would lower its high debt levels and allow it to consider more acquisitions in the region.
AB Inbev is worth about 154 billion euros ($172 billion) and its Asian operations are reportedly worth as much as a third of that.
It owns massive brands like Bud from its takeover of Anheuser-Busch in 2008, as well as Corona, Becks, and Fosters. It further established its dominance in the market in 2015 when it bought it next biggest rival, SABMiller.
The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.
Truth and Accuracy
We are committed to truth and accuracy in all of our journalism. Read our editorial standards.
Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. Advertise Today.
