AB InBev sells Australian unit to Asahi for $11.3b, keeps Asia IPO options open

AB InBev sells Australian unit to Asahi for $11.3b, keeps Asia IPO options open

Bottles of beer move along a conveyor belt at the Anheuser-Busch InBev NV Budweiser bottling facility in St. Louis, Missouri, U.S., on Tuesday, Oct. 24, 2017. Photographer: Luke Sharrett/Bloomberg

Anheuser-Busch InBev NV agreed to sell its Australian operations to Asahi Group Holdings Ltd. for an enterprise value of A$16 billion ($11.3 billion), and the Belgian company said it’s still considering reviving an initial public offering of its Asian subsidiary.