AB InBev's canceled Asian stock market listing will slow but not derail the...
) canceled Asian stock market listing will slow but not derail the world’s largest brewer’s efforts to cut its debt mountain, delaying future acquisitions and prioritizing its main challenge - selling more beers.
But the Hong Kong listing would almost have completed that task, bringing in $8-10 billion and reducing the ratio by up to 0.5 percentage points. Analysts at Jefferies said the slower rate of cutting debt could deter conservative investors and increased risks related to foreign exchange volatility - which has cost AB InBev $2.3 billion since 2016 - just short of the cost savings from its $100 billion plus takeover of SABMiller.
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