Anheuser Busch Inbev NV (ABI.BR)
20 Aug 2019
Tue, Aug 6 2019
NEW DELHI Authorities in New Delhi have rejected a plea by Anheuser-Busch InBev to temporarily lift a 3-year ban while it hears the global brewer's appeal, a senior government source told Reuters.
* Asahi not overpaying for AB InBev's Australia business (Adding comments on Australia deal)
NEW DELHI India's capital city has banned the world's largest brewer, Anheuser-Busch InBev, from selling its products in the key New Delhi market for 3 years for allegedly evading local taxes, government orders seen by Reuters showed.
BRUSSELS Anheuser-Busch InBev, the world's largest brewer, beat earnings expectations after beer sales grew at their fastest pace in over five years, helped by increases in Latin America, Europe and Africa and a later Easter.
TOKYO, July 22 Japanese shares dipped on Monday on diminishing hopes of a large rate cut by the U.S. Federal Reserve and as investors took a cautious stance ahead of a Japanese earnings seasons that starts this week.
BRUSSELS/LONDON Anheuser-Busch InBev, the world's largest brewer, is selling its Australian operations to Japan's Asahi for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt. | Video
July 19 The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
BRUSSELS/LONDON Anheuser-Busch InBev , the world's largest brewer, is selling its Australian operations to Japan's Asahi for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt.
* Still believes in IPO at 'right valuation' (Adds advisers, details on negotiations and Asahi ranking)
HONG KONG (Reuters Breakingviews) - Anheuser-Busch InBev’s deal machine is going into a smart reverse. The Belgian brewer’s sale of its Australian business to Asahi for $11.3 billion will cut debt. The Japanese company is paying a lower valuation for the maker of Victoria Bitter than AB InBev wanted from an initial public offering of its Asia business, shelved last week, but probably higher than the multiple investors ascribed to the unit. It keeps the door open for boss Carlos Brito to try agai