September 11, 2019 / 10:38 PM / a month ago

AB InBev resumes exploring Budweiser listing two months after pulling out

Sept 12 (Reuters) - Anheuser-Busch InBev said on Thursday it is continuing to explore an initial public offering in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd, two months after saying it will not proceed with the planned listing.

The company’s Asia Pacific unit has resumed its application for the listing of a minority stake of its shares on the Hong Kong Stock Exchange, it said on Thursday, adding no assurance can be given on whether the transaction will be completed.

AB InBev, the world’s largest brewer, was aiming to sell as much as $9.8 billion in Budweiser stock to seek relief from its heavy debt burden before pulling out of the planned listing in July.

Reporting by Kanishka Singh in Bengaluru Editing by Chris Reese

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