Anheuser Busch Inbev NV (ABI.BR)
TOKYO, July 22 Japanese shares dipped on Monday as hopes for a large U.S. Federal Reserve rate cut faded and investors took a cautious stance ahead of the domestic earnings seasons, which starts this week.
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.
European shares ended only marginally higher on Friday as worries about the stability of Italy's government dented optimism from renewed signals the U.S. Federal Reserve will cut interest rates soon.
* STOXX up 0.1% for week, buoyed by rate cut hopes (Updates to close)
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
July 19 A strong oil sector and firming expectations of more monetary easing from the world's big central banks drove European shares half a percent higher on Friday, ending a volatile week marked by a series of luke-warm corporate earnings.