Anheuser-Bausch, or AB-Inbev (ANH), is the world’s largest brewer of beer, operating in both first world countries and emerging markets. On 10th October 2016, AB-Inbev bought out SABMillar for $107bn. This massive acquisition (a world record) left ANH with over $104bn in debt – a burden which it is only now beginning to eliminate. It expects to bring that debt down in the second half of 2019.
AB Inbev trades on the JSE as ANH, the Brussels Stock Exchange as ABI and the New York Stock Exchange (NYSE) as BUD. It announced its intention to list its Asia-Pacific arm on the Hong Kong stock exchange to raise approximately $10bn. The cash will be used to reduce its debt.
The company has brands like Budwieser, Stella Artois, Castle, Beck’s and Corona. After the acquisition of SA Breweries, AB Inbev is four times the size of the next largest brewer – Heineken – so there is very limited potential for further meaningful acquisitions. Growth from here on must be organic. Read More