Budweiser selling SABMiller US joint venture to Molson Coors
Published 11/11/2015 | 08:54
Budweiser brewer Anheuser-Busch InBev said it will sell off SABMiller's US joint venture as it agreed the final terms of its £71bn mammoth takeover of the London-listed beer giant.
ABInBev and SABMiller said Molson Coors had agreed to buy the remaining 50% stake in Miller Coors for 12 billion US dollars (£7.9 billion).
Details of the Miller sell-off comes as the two firms unveiled the long-awaited final agreement of their mega-merger, which marks the largest takeover of a British firm in corporate history.