The world's largest brewer said in a statement on Thursday that there is no guarantee that the deal will be completed, "and the decision to proceed will depend on a number of factors and prevailing market conditions."
Asian equity markets have been turbulent this year, mainly due to the trade war between the United States and China. The Hang Seng Index in Hong Kong has fallen 5.1% since the beginning of July. He has been hit by a political crisis in which mass demonstrations have been going on for months.
AB InBev hoped to raise up to $ 9.8 billion through the listing of the Budweiser Brewing Company APAC, the largest brewer in Asia in terms of retail sales, before the planned July offer came into force. The IPO would have surpassed Uber ( UBER )
which raised $ 8.1
billion in New York in May.
AB InBev could use the funds to reduce its massive debt burden. The company has already taken steps to stabilize its balance sheet by cutting its dividend by half last year and by relieving its Australian business of $ 11.3 billion last July.
AB InBev became the world's best brewer by raising money to fund a series of acquisitions. The company's most recent mega-acquisition, SABMiller, increased its debt in 2018 to $ 102.5 billion.
An IPO in Asia could also help the company in China, the world's largest market for beer. AB InBev achieved sales growth of 8.3% last year, with brands such as Budweiser and Corona performing particularly well.
The listing would be a gain for the Hong Kong Stock Exchange. Last month, it was reported that the Internet giant Alibaba ( BABA ) postponed plans to raise $ 15 billion from a secondary listing in Hong Kong in the face of continuing political turmoil. Alibaba declined to comment at that time.