Brewer AB InBev agrees $121bn takeover of SABMiller

GMT 10:36 2015 Wednesday ,11 November

Arab Today, arab today Brewer AB InBev agrees $121bn takeover of SABMiller

Anheuser-Busch InBev
London - Arab Today

The world's biggest brewer Anheuser-Busch InBev on Wednesday said it had reached formal agreement on a mega-takeover of its nearest rival, Britain's SABMiller, for $121 billion (112 billion euros) including debt.

InBev will pay £44 per share for SABMiller, which has also agreed to sell its majority stake in US unit MillerCoors for $12 billion to Molson Coors as part of the deal, the pair said in a statement.

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