Asia Deal Digest, published periodically, is a compilation of some of the largest deals carried out in Asia and Australia.

China/Hong Kong

• Sullivan & Cromwell partners Francis Aquila in New York, John Horsfield-Bradbury in London and Kay Ian Ng in Hong Kong are advising Belgian beer giant Anheuser-Busch InBev SA/NV’s Asia-Pacific business, Budweiser Brewing Co. APAC Ltd., on an initial public offering in Hong Kong that could raise at least $5 billion. Freshfields Bruckhaus Deringer Teresa Ko in Hong Kong, David Ludwick in London, Valerie Ford Jacob in New York and Vincent Macq in Brussels are representing Budweiser Brewing as co-counsel. The issuer is being represented by Fangda Partners on Chinese law, Kim & Chang on Korean law and Gilbert + Tobin on Australian law. Reuters reported that the deal comes as its parent, AB InBev, is currently working to reduce a $102.5 billion debt pile accumulated following the late 2016 takeover of U.K. rival SABMiller Plc. for $106 billion. Clifford Chance is advising JPMorgan and Morgan Stanley as the joint sponsors. King & Wood Mallesons is advising the banks on Chinese law. [Read Full Story]