AB InBev Cashes Out Of Tsingtao, But Not China

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Weeks after finalising the sale of a 19.9% stake in Chinese beer giant Tsingtao to Japanese major Asahi, global brewing behemoth Anheuser-Busch InBev (AB InBev) has offloaded its remaining 7% interest in the company, selling 91.6mn shares to private investor Chen Fashu. At HKD19.83 per share, the latest sale represents a slight premium on the US$667mn (equivalent to HKD19.78 per share) that Asahi paid for its stake in the high potential beer company. Generating an additional US$235mn, divestment of its remaining stake in Tsingtao is part of AB InBev's ongoing deleveraging process, as it looks to repay the US$7bn bridging loan that Belgian InBev used as part of its US$52bn takeover of Anheuser-Busch.