Anheuser Busch InBev, which called off plans last week to pursue an IPO in Asia, is considering selling business units in South Korea, Australia and Central America to cut debt, the Wall Street Journal reported Thursday.
Citing unnamed sources, the newspaper reported the Belgian-based brewer plans to raise at least $10 billion from the asset sales.
The initial public offering of its Asia Pacific unit that was canceled last week would have been the largest IPO of 2019. The company, which had been seeking to raise up to $9.8 billion, said the IPO decision was due to "several factors, including the prevailing market conditions."
A-B InBev's U.S. headquarters is based in St. Louis.
Editor's note: The timing of the Wall Street Journal's report has been corrected from an earlier version of this story.