AB InBev explores asset sale after dropping Asia IPO plan
20 Juillet, 2019, 03:30 | Auteur: Auguste Feret
The bulk of the proceeds from the Australia deal will be used to reduce debt, AB InBev said, with the deal expected to close in the first quarter of 2020. At the same time, they aren't high-growth markets, so selling them wouldn't hurt AB InBev's growth prospects, the person said.
The world's largest brewer hopes to raise at least $10 billion (£8.02 billion) from asset sales, the WSJ reported, citing people familiar with the matter. APAC. Potential investors will seek a more appealing valuation, after the former price range valued the unit at 28.5 times to 33.5 times consensus 2020 earnings, above the ratios for both Heineken NV and Carlsberg A/S. The company plans to finance the deal with a share sale worth as much as 200 billion yen (US$1.9 billion), subordinated bonds and a 1.2 trillion-yen bridge loan.
However, a question mark would remain over AB InBev's more mature South Korean business, given that it had bought it back from private equity group KKR in 2014. The Belgium-based brewer said it had agreed to divest Australian subsidiary Carlton & United Breweries for $11.3 billion in enterprise value.
Asahi has rapidly expanded overseas in recent years, trying to build its flagship Super Dry beer into a global premium beer alongside the likes of Heineken NV as its domestic beer market languishes. Carlton & United Breweries' portfolio of brands, including Carlton and Great Northern, is "highly profitable, with EBITDA margin of over 40 percent", the company added. The Budweiser maker still has a major presence in Asia, particularly in China, though it's facing challenges there amid shifting trends.
While Foster's is well known internationally as an Australian brew, it's much less commonly consumed in Australia than overseas.
Toys R Us makes small comeback with 2 stores
The tech company will also offer brands access to data that will track traffic patterns and other metrics. Even as it went bankrupt, the original Toys R Us accounted for about a fifth of toy sales in the U.S.
Lowry claims share of Open lead at halfway point
He will, as he says, likely win again, and it may not be long before that happens. "I felt bad for David". At Carnoustie 12 months ago he made the cut right on the mark with an 18-foot putt at the last on Friday.
In January it acquired the beer business of the United Kingdom.'s Fuller, Smith & Turner Plc, following the 2016 acquisition of Pilsner Urquell and other brands from AB InBev.
For its part, Asahi said the acquisition of Carlton & United Breweries creates a "third core [business] pillar" to go along with its business units in Japan and Europe.
The deal will give Asahi a major boost in Australia.
AB InBev acquired Carlton & United through the $106 billion purchase of SABMiller.
Carlton & United is one of the two big players in Australia's beer industry: alongside Kirin-owned Lion.
Entouré de Buzz Aldrin , Mike Collins et de la famille du commandant de la mission, Neil Armstrong , M. Michael Collins était le pilote du module de commande et de service qui est resté en orbite lunaire.
Titans est une série live-action produite Warner Bros et dont la première saison est disponible en France sur Netflix. C'est une bien triste nouvelle qui nous vient des plateaux de tournage de la saison 2 de Titans .
The 2020 version was unveiled Thursday night in a glitzy ceremony at a World War II dirigible hangar in Orange County, California. President Mark Reuss said the C8 will start below $60,000, 7% more than the current Corvette's base price of $55,900.
I am not a person to avoid problems or hard situations. "I more love a big, hard challenge and to rebuild that mentality so it's possible to have a similar season I think that excites and motivates me a lot". "I'm always happy.
Beyond the change of scenery thing, Neal's contract would be much easier to buy out than Lucic's buyout-proof deal. Milan Lucic was traded to the Calgary Flames by the Edmonton Oilers for James Neal , TSN reported Friday.
The nonpartisan Congressional Budget Office estimated that repeal of the tax would add $197 billion to deficits over a decade. The vote to repeal the tax highlights the conflicting forces pulling at Democrats when campaigning versus legislating.
The death toll in India has climbed to 97 in the past week, and there are fears this number may grow. A man in the flood-ravaged Assam state of India was stunned to find an intruder napping in his home.
Petrus reportedly was not feeling well and was taken to Baptist Health Medical Center-North Little Rock, authorities said. He was working outside at his family's business in Little Rock, Arkansas when he fell ill on Thursday.
A$AP Rocky has been in pre-trial detention since July 2 , following a June 30 street fight that broke out in Stockholm. Two other performers who were with the rapper that night, Bladimir Corniel and David Rispers, were also detained.
"This felt un-American what happened last night", Le Batard said on his radio show Thursday, referencing the chants aimed at Rep. ESPN's policy for political discussion by its on-air talent allows for it to come up only when it intersects with sports.
Gibraltar court extends detention of oil tanker
But Britain, which wants to preserve the nuclear deal, has repeatedly indicated it wants a compromise over the tanker. An initial order by the court authorising the detention of the vessel would lapse after Friday.
Arsenal will have new captain
Meanwhile, Emery will stick with his plans to have a captaincy group despite seeing his first break up inside less than a year. Centre-back Holding, 23, suffered a serious knee injury in December and was expected to miss the start of the season.
Man scales down Philadelphia high-rise to escape fire
They also stretched the line to the 15th floor and flooded the bin chute from there as an extra safety measure, authorities said. Hundreds of people were evacuated and four people inside had to be treated at the hospital for smoke inhalation.