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Monday 5 December 2016

Budweiser selling SABMiller US joint venture to Molson Coors

Published 11/11/2015 | 08:54

SABMiller beer Miller and Grolsch. Photo: PA
SABMiller beer Miller and Grolsch. Photo: PA

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.

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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.

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