FILE PHOTO: The brand of Anheuser-Busch InBev is pictured exterior the brewer’s headquarters in Leuven, Belgium February 25, 2016. REUTERS/Yves Herman/File Picture
BRUSSELS (Reuters) – Anheuser-Busch InBev (ABI.BR), the world’s largest brewer, declined to touch upon a report that it was contemplating a flotation of a part of its Asian operations, including that it remained dedicated to its enterprise within the area.
“In keeping with our tradition, we all the time have a look at alternatives to optimize our enterprise and drive long-term development and we’re very dedicated to our enterprise within the Asia-Pacific area and excited in regards to the potential of this geography,” an AB InBev spokeswoman stated.
Bloomberg reported on Friday that the Belgium-based maker of Budweiser, Corona and Stella Artois was contemplating an preliminary public providing of a part of its Asian operations as a option to alleviate its debt.
Bloomberg stated that any deal might elevate greater than $5 billion, with the entire of the Asian enterprise valued at round $70 billion.
AB InBev shares, which fell by 38 p.c final yr, have been up 3.zero p.c by 1030 GMT.
The corporate, which paid round $100 billion for nearest rival SABMiller in 2016, introduced in October that it could be chopping its proposed dividend in half as beer gross sales fell in its largest markets of the US and Brazil.
AB InBev is concentrating on a return to a web debt to EBITDA ratio of two occasions. Trevor Stirling, analyst at Bernstein Analysis, estimated that this a number of was 4.7 on the finish of 2018 and would fall to 4.Three on the finish of 2019 and three.7 on the finish of 2020.
Reporting by Philip Blenkinsop; Modifying by Alastair Macdonald and Kirsten Donovan