Anheuser-Busch InBev drops IPO

Anheuser-Busch InBev contemplating asset sales after Asia IPO is called off: report

Anheuser-Busch InBev contemplating asset sales after Asia IPO is called off: report

Meanwhile, there has been speculation this week that Japanese beverage company Asahi is considering buying Carlton & United Breweries from AB InBev for AUS$6-7 billion.

The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven, Belgium February 28, 2019.

CUB confirmed the takeover in a statement and said the opportunity allows Asahi to "commercialise the portfolio of AB InBev's global and worldwide brands in Australia".

"We continue to see great potential for our business in APAC and the region remains a growth engine within our company", said Carlos Brito, Chief Executive Officer of AB InBev.

AB InBev said the funds raised from the mega-money sale will be used to "pay down debt", but stressed the business is not relying on this sale to stay afloat.

The SABMiller deal, which was worth some $107 billion at the time, gave the company broader reach in fast-growing markets in Asia and Africa at a time when consumers were shifting toward smaller brands like microbrews.

AB Inbev has sought to shed some brands to slim down its debt load and had planned to list some shares on the Hong Kong Stock Exchange to further bolster its finances.

The company said it would closely monitor market conditions.