The Asia-Pacific unit of Anheuser-Busch InBev SA is seeking to raise as much as $9.8 billion in what could be the biggest food and beverage IPO globally.
Budweiser Brewing Company APAC Ltd., the Asia-Pacific business of the world’s biggest brewer with a market capitalization of nearly $151 billion, will launch bookbuilding for its Hong Kong IPO later Tuesday, ahead of a planned debut on July 19, people familiar with the matter said.
Budweiser Brewing’s fundraising will make it the world’s largest food and beverage IPO, beating Kraft Foods Inc.’s $8.68 billion IPO in 2001, according to Dealogic.
Budweiser Brewing, which operates a portfolio of more than 50 brands including Budweiser, Stella Artois and Corona, counts China, Australia, South Korea, India and Vietnam as its major markets in the region.
AB InBev said in early May that the listing would create an Asia-Pacific consumer-goods champion and provide a vehicle for potential mergers and acquisitions in the region. JPMorgan and Morgan Stanley are joint sponsors of the deal.
By Joanne Chiu
Source: MarketWatch
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
