Brewing giant lifts SABMiller bid to €92bn

Anheuser-Busch InBev, the world’s largest brewer, launched an improved bid for SABMiller yesterday, offering just over £68bn (€92bn) for its largest rival to extend its reach into Africa and other markets.

The company said in a statement it would pay £42.15 in cash per SABMiller share, having already made two prior offers at £38 and £40.

Anheuser-Busch InBev said it believed the offer would be attractive to Sabmiller shareholders, adding it was disappointed the UK-based company’s board had rejected both previous approaches.