Supplement to Budweiser APAC Spinoff (A): The Financial Strategy for Localization.
Case B follows Case A and discusses which alternative was actually chosen: AB InBev successfully listed Budweiser APAC on the Hong Kong Stock Exchange after selling its Australian subsidiary to Japan’s Asahi Group. This divesture facilitated Budweiser APAC’s second IPO attempt not only by making it clear to investors that the company will focus on growth markets such as China, India, and Vietnam, but also by making the listing more attractive to investors who seek exposure to emerging markets.