Debt-laden AB InBev agrees sale of Australian unit to Asahi. YahooFinance
BRUSSELS - Anheuser-Busch InBev, the world's largest brewer, has agreed to sell its Australian operations to Japan's Asahi and is interested in reviving the stalled flotation of its Asian business.
AB InBev said the bulk of the proceeds from the deal, expected to close in the first quarter of 2020, would be used to reduce debt. What could have been the largest flotation globally this year, raising up to $9.8 billion for the brewer, ended up being the third-largest ever to be withdrawn. Sources close to the deal said investors had baulked at the price.
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