Anheuser-Busch InBev will not proceed with its planned listing of its Asia Pacific unit on the Hong Kong Stock Exchange, citing several factors including "prevailing market conditions".

The regional business, known as Budweiser Brewing Company APAC, has a portfolio of more than 50 beer brands including Stella Artois, Corona Budweiser and Hoegaarden. AB InBev was marketing shares with an indicative range of HK$40-$47.

Budweiser APAC was looking to raise between US$8.3-$9.8 billion through the float, mainly to go towards paying down debt at its parent company. Buying rival SABMiller in 2016 saw AB InBev with a US$100 billion debt.

The company said it would closely monitor market conditions.

Meanwhile, there has been speculation this week that Japanese beverage company Asahi is considering buying Carlton & United Breweries from AB InBev for AUS$6-7 billion.



Packaging News

Health and the environment are converging as top concerns for consumers, with almost 60 per cent of consumers believing their health and well-being are strongly affected by environmental problems, according to a new study from Tetra Pak.

The Australian Institute of Packaging has had another successful year of its annual Foodbank Hamper Packing Day, packing 10,000 hampers for those in need and raising a million dollars in donations and funds.

Marian O'Leary of Melbourne-based packaging company RollsPack has been named Young Achiever 2019 at the Mebourne Business Awards – South East Region.