Miller sold to Anheuser-Busch InBev in $100bn deal

Anheuser-Busch InBev, the world’s biggest brewer, yesterday formally launched its $100bn (€93.2bn)-plus offer for nearest rival SABMiller yesterday and agreed to sell the latter’s stake in US venture Miller Coors to help win regulatory approval.

AB InBev, whose takeover of SABMiller would be one of the largest mergers in corporate history, said it expected to achieve $1.4bn in annual savings four years after completion of the deal, projected for the second half of 2016.

AB InBev has also reached an agreement to sell SABMiller’s 58% stake in US joint venture Miller Coors as well as global rights to the Miller brand to the venture’s other shareholder, Denver-based Molson Coors, for $12bn.