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
International Flavors & Fragrances (IFF) has announced the appointment of Frank Clyburn as CEO and member of the board of directors, effective 14 February 2022. Clyburn, who will step down from his position as executive VP and president of human health at Merck & Co, succeeds current IFF CEO Andreas Fibig
Jack Link’s-owned meat snacking brand Peperami has launched new chorizo five-packs to add to its extensive snack portfolio. The new chorizo sticks are made with 100% pork, packed with protein, contain 99 calories and are unpasteurised to maintain a fuller flavour — providing a shelf life of over six months.
While foam is certainly desirable in the bathtub or on beer, preventing foam – for example in industrial processes – is a much-discussed topic. A team of researchers at the Max Planck Institute for Polymer Research has now shown that so-called “superamphiphobic surfaces” can be used to prevent foaming.
