10th Feb 2016 13:44
LONDON (Alliance News) - Anheuser-Busch InBev NV Wednesday confirmed that it has received an offer from Japan's Asahi Group Holdings Ltd to acquire a group of brands including Peroni and Grolsch from SABMiller PLC.
The brands are being sold as part of AB InBev's takeover of SABMiller, to address competition concerns about the mega-merger.
Anheuser-Busch said the offer values the Peroni, Grolsch and Meantime brand families at EUR2.55 billion on cash-free, debt-free basis. The offer is conditional on the successful closing of the SABMiller takeover.
"We are pleased to have received this binding offer from Asahi on the Peroni, Grolsch and Meantime brands and businesses - iconic beer brands with longstanding heritage and leading positions in core markets," said Chief Executive Officer of AB InBev Carlos Brito in a statement.
This followed a report by the Nikkei Asian Review that Asahi was offering USD3.5 billion for the brands.
Shares in SABMiller were up 0.2% at 4,130.50 pence Wednesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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