Tag Archives: AB Inbev

AB InBev’s Budweiser Brewing Co APAC raises $5bn in Hong Kong listing

Anheuser-Busch InBev’s Asian business unit finally succeeds with a $5bn Hong Kong listing after pricing it at the bottom of a marketed range.

The world’s largest brewer had planned for a bigger initial public offering (IPO) of around $9.8bn in July but had to shelve the plans following what it cited as “several factors, including the prevailing market conditions”.

A-B InBev resurrects plans for Hong Kong listing

Global brewer, Anheuser-Busch InBev (A-B InBev) has revived plans to list a minority stake of its shares in its Asia Pacific business unit, Budweiser Brewing Company APAC Limited, on the Hong Kong Stock Exchange.

The resumption follows its withdrawal in July not to go forward with an Initial Public Offering (IPO) in Hong Kong following what it said was unfavourable “market conditions”.

AB InBev cleared to produce Guinness, Smirnoff RTD in South Africa

Anheuser-Busch InBev has received the approval from South African regulatory authorities to start producing Guinness stout and Smirnoff ready-to-drink (RTDs) in South Africa.

The Competition Tribunal of South Africa announced last week that it has granted South African Breweries (SAB), the local unit of Anheuser-Busch InBev the approval to produce, distribute, market and sell Guinness stout and Smirnoff RTDs – Storm, Guarana, Spin, Pine Twist and Berry Twist in South Africa in exchange for royalty fees paid to Diageo Plc, owners of the brands. The financial details of the transaction were not disclosed.

AB InBev hit with three-year Indian city ban

The City of New Delhi in India has banned AB InBev from selling its products in the city for three years for allegedly evading paying local excise taxes.

According to the government citation, a three-year investigation by the authorities allegedly found that SABMiller, which was acquired by AB InBev in 2016 used duplicate barcodes on its beer bottles supplied to city retailers that year, which allowed it to pay lower taxes.

Budweiser to launch global campaign as it partners Premier League, LaLiga

Budweiser beer

Budweiser, the premium beer brand from Anheuser-Busch InBev (AB InBev) has announced it will be launching a global campaign as it enters into a multi-year partnership with two of the world’s biggest soccer leagues, Premier League and LaLiga.

According to Chief Marketing Officer of AB InBev, Pedro Earp, “As the world’s most valuable beer brand, we will launch a global ‘Be a King’campaign in conjunction with these partnerships. This campaign will inspire fans around the world by bringing them closer to the kings of the game.

AB InBev’s Q2 sales impacted by a difficult lapping effect 2018 comparison

Global brewer Anheuser-Busch InBev (AB InBev) reported further decline in sales in the second quarter and half-year respectively despite measurable sales growth in key markets around the globe. Revenue fell marginally by 0.21% in Q2 to $13.96bn and by 1.98% to $26.6bn in the half-year, driven by lower volumes in such markets as Argentina  where the consumer remains under pressure due to challenging macroeconomic conditions and in Canada where a weak beer industry persists. Also, the lapping effect of a successful 2018 FIFA World Cup in Russia sponsorship, the company’s largest commercial activation in history weighed on the brewer’s revenue.

AB InBev sells Australia unit following failed IPO

AB InBev announced on Friday the sale of its Australian business unit, Carlton & United Breweries to Japanese brewer, Asahi for US$11.3bn.

The sale follows AB InBev’s failed Initial Public Offering (IPO) of its Asian business unit, Budweiser Brewing Co APAC due to weak investor demand.

AB InBev cancels plans for Hong Kong listing

Global brewer, AB InBev on Friday withdrew its plans to sell 1.6bn shares of its Asian business to investors, citing “prevailing market conditions”.

The company had been seeking to sell a minority stake in Budweiser APAC, which markets over 50 brands including its premium brands, Budweiser, Stella Artois and Corona in China, Australia, South Korea and Vietnam, but had to shelve the plans due to weak investor demand for its stated price. AB InBev was seeking to raise between US$8.3bn to US9.8bn from the Initial Public offering (IPO).

AB InBev seeks to raise nearly $10bn in Hong Kong listing

Global brewer, Anheuser-Busch InBev is seeking to raise US$9.8bn in an Initial Public Offering (IPO) of a minority stake in its Asia business. The listing could potentially value the company’s Asia Pacific operation at nearly US$64bn.

Budweiser Brewing APAC will be offering 1.6bn shares in an indicative range of HK$40 to HK$47 each (US$5.13 to US$6.02) by July 11.

AB InBev expects capacity expansion in Sagamu brewery to reach $400m

Anheuser-Busch InBev (AB InBev) has said it expects its investment in the newly built Sagamu Brewery to hit $400 million.

The company’s Chief Executive Officer, Carlos Brito, disclosed this on Wednesday while responding to reporters’ questions at a media briefing in Johannesburg, South Africa.