LONDON: AnheuserBusch InBev NV (AB InBev) agreed to buy SABMiller Plc for almost £69bil (US$106bil) to clinch a record industry deal after several rejections, creating a brewer that will account for a third of all beer sales globally.
The Budweiser maker will pay £44 a share in cash for a majority of the shares in its nearest competitor, the companies said in a statement Tuesday, gaining brands such as Peroni and Grolsch and giving it control of about half the industry’s profit. SABMiller shares rose as much as 9.4% to £39.62 in London.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
