Sullivan & Cromwell and Freshfields Bruckhaus Deringer have the lead roles as Belgian beer giant Anheuser-Busch InBev SA/NV spins off its Asia-Pacific business, in a Hong Kong initial public offering that could raise at least $5 billion.
The brewer is listing Budweiser Brewing Co. APAC Ltd., which produces, imports and distributes more than 50 beer brands, including namesake Budweiser, Stella Artois and Corona. According to its filing, Budweiser Brewing was the largest beer company in the Asia-Pacific region by retail sales value in 2018, citing London-based research firm GlobalData.
