SABMiller to review €97.1bn merger

SABMiller’s board will review its $107bn (€97.19bn) merger deal with Anheuser Busch InBev once all regulatory approvals have been secured, its chairman said yesterday.

The companies received approval on Wednesday from US antitrust regulators, after they agreed to sell assets and preserve competition from independent craft brewers. The companies are now waiting for China’s approval.

However, the drop in sterling since the UK voted to leave the EU has reduced the relative appeal of the all-cash offer aimed at most of SAB’s shareholders.