The Traderszone Network

Published in TZ Latest News 11 November, 2015 by The TZ Newswire Staff

AB InBev launches SAB bid, to sell MillerCoors stake

Anheuser-Busch InBev (ABI.BR), the world’s biggest brewer, launched its $100 billion-plus offer for nearest rival SABMiller (SAB.L) on Wednesday and agreed to sell the latter’s stake in U.S. venture MillerCoors in a bid to win regulatory approval. AB InBev said it had agreed to sell SABMiller’s 58 percent stake in MillerCoors to the venture’s other major shareholder, Molson Coors (TAP.N), for $12 billion.

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