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Sept. 12, 2019, 3:42 a.m. EDT

Anheuser-Busch InBev shares rally on plans for slimmed-down Hong Kong IPO

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By Barbara Kollmeyer

Anheuser-Busch InBev /zigman2/quotes/209225053/composite BUD +0.68% /zigman2/quotes/203831500/delayed BE:ABI +0.24% shares jumped 4.6% in Belgium on Thursday amid reports the parent of beer giant Budweiser is planning to list a slimmer version of its Asia unit. The company is planning to raise $5 billion in an initial public offering for its Budweiser Brewing Co. APAC LTD. unit in a Hong Kong offering that could be done by the end of September, said sources cited by The Wall Street Journal . The news comes two months after the European beer giant called off that listing.

/zigman2/quotes/209225053/composite
US : U.S.: NYSE
$ 79.65
+0.54 +0.68%
Volume: 750,607
Nov. 15, 2019 6:30p
P/E Ratio
21.43
Dividend Yield
1.88%
Market Cap
$130.10 billion
Rev. per Employee
$316,102
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/zigman2/quotes/203831500/delayed
BE : Belgium: Euronext Brussels
72.15
+0.17 +0.24%
Volume: 1.45M
Nov. 15, 2019 5:38p
P/E Ratio
22.02
Dividend Yield
N/A
Market Cap
€141.37 billion
Rev. per Employee
€268,229
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