Capital markets week ahead: Budweiser, EQT, Wintershall DEA

摘要

ANOTHER ROUND? Anheuser-Busch InBev will have a second go at listing its Asia-Pacific business, just weeks after it was forced to pull the deal after investors baulked at its high valuation. The Belgian brewer is taking no chances this time, having reduced the size of the deal. It is eyeing proceeds of US$5bn, just over half of the US$9.8bn it was seeking last time round which included its now-sold Australian business. The Budweiser Brewing IPO is a central tenet of the company's efforts to bring down its mammoth debt pile, which stands at more than US$100bn, making it one of the most indebted companies in the world. Cash from the IPO and proceeds from the sale of its Australian business to Asahi for USSllbn will help it towards its ambitious target of more than halving its leverage.