Anheuser-Busch InBev is considering selling off business units in South Korea, Australia and Central America, the Wall Street Journal reported. The brewer recently called off an IPO of its Asian business.
AB InBev called off the initial public offering of its Asian business on Friday, citing in part "the prevailing market conditions." The proceeds from the IPO would have helped the company reduce its debt, a result of dealmaking that made it the world's largest brewer.
Citing people familiar with the matter, the Journal reported that the company is now hoping to raise at least $10 billion from selling off assets, including some that were a major part of the called-off IPO. The company is also considering cutting its dividend again after slashing it last year, but some board members are reluctant to do so, the people told the Journal.
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