Brewer AB InBev plans bid for SABMiller

GMT 10:19 2015 Wednesday ,16 September

Arab Today, arab today Brewer AB InBev plans bid for SABMiller

Brewer AB InBev
London - Arab Today

The world's biggest brewer, Belgian-Brazilian giant AB InBev, is planning a takeover bid for the next largest SABMiller, the British target revealed Wednesday, sending their share prices soaring.

"The Board of SABMiller notes the recent press speculation and confirms that Anheuser-Busch InBev has informed SABMiller that it intends to make a proposal to acquire SABMiller," said a company statement.

Separately, Anheuser-Bush confirmed the takeover bid, but said there was "no certainty" of a deal.

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