11th Nov 2015 06:18
LOEWEN (Alliance News) - Molson Coors Brewing Co is nearing a deal to buy the rest of the MillerCoors LLC US joint venture in a USD12 billion deal that would pave the way for British brewer SABMiller PLC to cement its sale to Belgian brewer Anheuser-Busch InBev NV, the Wall Street Journal reported.
As part of the deal, SABMiller would sell its 58% of the venture to Molson Coors. The deal, which has been anticipated since SABMiller and AB InBev reached preliminary agreement on a USD100 billion-plus merger in October, would include the Miller brand internationally, the report said.
The agreement is expected to be announced Wednesday along with a formal pact between SABMiller and AB InBev.
The deal would be conditioned on the larger beer deal closing, the report said.
Copyright RTT News/dpa-AFX
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