AB InBev checks into prolonged debt detox dasha_reuters
Anheuser-Busch InBev on July 12 cancelled the Hong Kong initial public offering of its Asia-Pacific business, which would have been the world’s biggest IPO so far this year.
The IPO was expected to raise up to $9.8 billion and would have helped the world’s biggest brewer pay down the debt accumulated from its acquisition of SAB Miller three years ago. The Budweiser maker has said it aims to reduce its net debt to less than 4 times EBITDA by the end of 2020, from 4.6 times at the end of December. Its longer-term leverage target is 2 times EBITDA.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hold the beers: Budweiser APAC IPO hit by investor push-backScepticism over AB InBev's high valuations doomed Budweiser APAC's IPO...
Leer más »
Investors Balked at Pricing for Canceled Budweiser ListingWhat would have been the year’s biggest IPO flopped after AB InBev and its banks took a series of gambles that didn’t pay off. The world’s biggest brewer halted a nearly $10 billion listing of its Asian unit, blaming market conditions.
Leer más »
This Trainer's 6-Move Ab Workout For a Stronger Core Takes Just 10 MinutesWhen it comes to building abdominal strength, focusing on exercises that stabilize the core and work all of your ab muscles is key. Yes, your six-pack (rectus
Leer más »
Hold the beers: Budweiser APAC IPO fail shows valuations face investor push-backReluctance to accept AB InBev's high valuations doomed Budweiser APAC'...
Leer más »
Morgan Stanley’s Asian crown gets Bud-shaped dentThe Wall Street bank, along with JPMorgan, led AB InBev’s now-scrapped $9.8 bln listing of its Asia unit. The bankers either misread the market, or caved into the clients’ pricing demands. Either way, it takes the shine off Morgan Stanley’s local league-table pre-eminence.
Leer más »
Check Out Reese Witherspoon and Selma Blair in This '90s Throwback PicReese Witherspoon, who acted with Selma Blair in 'Cruel Intentions' and 'Legally Blonde,' shared a sweet picture of the two of them from 1999. See it here.
Leer más »