19th Apr 2016 06:28
LONDON (Alliance News) - Belgian-American drinks giant Anheuser-Busch InBev SA on Tuesday said it has accepted the binding offer from Asahi Group Holdings Ltd for the purchase of some of SABMiller PLC's European premium beer brands.
Japan's Asahi is buying the Italian Peroni, Dutch Grolsch and English Meantime brand families and their related businesses for EUR2.55 billion, but the acquisition is conditional on the successful closing of AB InBev's takeover of Anglo-South African SABMiller.
AB InBev is buying SABMiller for GBP71.00 billion, which will create by far the biggest beer business in the world with a market capitalisation of around USD280.0 billion. The pair are currently the world's first and second largest brewers, respectively.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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