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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

Anheuser-Busch InBev (NYS:BUD) (BRU:BE:ABI) 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.

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