Budweiser brewer AB Inbev to sell off Sabmillier's US joint venture

Budweiser brewer Anheuser-Busch InBev said it will sell off SABMiller’s US joint venture as it agreed the final terms of its £71bn (€114bn) mammoth takeover of the London-listed beer giant.

ABInBev and SABMiller said Molson Coors had agreed to buy the remaining 50% stake in Miller Coors for $12bn (£7.9 bn/€11.12bn).