AB InBev launches SAB bid, to sell MillerCoors stake

Bottles of beer and cider produced by Anheuser-Busch InBev, (Budweiser and Beck's) and SABMiller (Peroni and Bulmers). - AFP pic

BRUSSELS: Anheuser-Busch InBev, the world’s biggest brewer, launched its US$100bil (RM437bil)-plus offer for nearest rival SABMiller on Wednesday and agreed to sell the latter’s stake in US venture MillerCoors in a bid to win regulatory approval.