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The largest brewery concern, AB InBev, will hold an initial public offering of Asian business, Bloomberg reports. The IPO will be presumably held located in Hong Kong. The company will launch negotiations with firms that will become advisors during the placement. The business can be valued at $70 billion, and the amount of funds raised will exceed $5 billion. AB InBev shares rose by 7.2% in December for the first time since 2015. The company's capitalization has decreased by 38%, and this is one of the worst indicators for European companies. Today, the company's market share in China is 16%, and this makes it one of the largest beer producers in the country.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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