GENEVA: Anheuser-Busch InBev NV’s decision to scrap what was slated to be the year’s largest initial public offering (IPO) is a bad sign for the pace of its debt reduction and future M&A, according to equity analysts, with Macquarie calling it a “a meaningfully negative development.”
The world’s biggest brewer said last Friday that it had decided not to proceed with an IPO of its Asia-Pacific unit, citing market conditions.
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