InBev tables Budweiser approach

Budweiser brewer Anheuser-Busch was today mulling a US$47bn (€30.4bn) approach from Stella Artois maker InBev to create the world’s biggest beer company.

Belgium-based InBev’s proposed acquisition – put forward late last night - would see the new company leapfrog current number one, Peroni brewer SABMiller, to form one of the world’s five biggest consumer firms.

InBev said there was limited overlap between the two businesses and wished to pursue a “friendly combination” with Anheuser.