Anheuser-Busch InBev , the world's largest brewer, has agreed to sell its A...
The Belgium-based brewer, weighed down by debt after its 2016 acquisition of closest rival SABMiller, said on Friday it had agreed to divest Australian subsidiary Carlton & United Breweries for A$16 billion in enterprise value.
The sale comes only a week after AB InBev shelved an initial public offering of its Asian operations, including Australia. The company said factors, including market conditions, had stalled its plans to sell off 15% of its Asian business. AB InBev said it still believes in the rationale of a potential offering of a minority stake of Asian business Budweiser APAC, excluding Australia, provided it could be completed at “the right valuation”.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
AB InBev stock up on report it may sell assets after scrapping Asia IPO planAnheuser-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.
Leer más »
Budweiser Brewer Explores Asset Sales After Calling Off Asia IPOAnheuser-Busch InBev is considering selling off business units in South Korea, Australia and Central America to cut its massive debt pile as it pursues a backup plan after calling off the nearly $10 billion listing of its Asian business, according to people familiar with the matter.
Leer más »
Barney Frank: Consumers need to know these 3 things to protect against credit card debtBarney Frank, former chairman of the House Financial Services Committee, says that significant progress has been made to reduce the amount of imprudent household lending in the past 10 years but consumers are still borrowing way more than is manageable.
Leer más »
Debt and dollar in demand, sterling and stocks stricken on trade war and BrexitResurgent trade tensions, concern over the outlook for corporate America and the...
Leer más »
Pelosi Says Deal on Debt Ceiling, Spending Levels Needed by FridayHouse Speaker Nancy Pelosi set a Friday deadline for Congress and the Trump administration to reach an agreement on raising the U.S. government’s borrowing limit and setting new overall spending limits.
Leer más »
China's debt tops 300% of GDP, now 15% of global total: IIFA key gauge of China's debt has topped 300% of gross domestic product, acco...
Leer más »