The largest brewing concern is planning an IPO of Asian business


The largest brewery concern, AB InBev, will hold an initial public offering of Asian business, Bloomberg reports. The IPO will be presumably held located in Hong Kong. The company will launch negotiations with firms that will become advisors during the placement. The business can be valued at $70 billion, and the amount of funds raised will exceed $5 billion. AB InBev shares rose by 7.2% in December for the first time since 2015. The company's capitalization has decreased by 38%, and this is one of the worst indicators for European companies. Today, the company's market share in China is 16%, and this makes it one of the largest beer producers in the country.

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