Asahi announces $1.5bn share offering

25 August, 2020

Asahi aims to raise up to $1.5 billion in a share offering to repay loans taken out to buy Carlton & United Breweries from AB InBev.

A filing said the brewer would sell up to 157.5 billion yen in shares in Japan and the United States. The offering comprises 20.9 million new shares, plus treasury shares and a secondary offering of stock.

Asahi previously secured a 1.19 trillion yen loan from Sumitomo Mitsui Banking Corp. It closed the $11 billion purchase of Carlton & United Breweries, AB InBev’s Australian business, in June.

The firm is keen to expand abroad as the domestic market dwindles.

Asahi previously purchased brands including Peroni, Pilsner-Urquell and Meantime following the merger of AB InBev and SAB Miller, and then snapped up the Fuller’s brewing business in the UK.





Comment

Nick Strangeway

The new era of Instagram earning

Trade shows – remember them? Before the world stopped we’d have attended a number of them throughout the year and be able to look down the list of recognisable guest speakers with their seminar titles. They were a source of great education which had been curated by the organisers to provide a spread of credible, engaging information.

Instagram

Facebook