Shareholders of beer giant SABMiller have given the green light to the firm's £79bn (€91bn) takeover by Budweiser brewer Anheuser-Busch InBev, paving the way for the biggest deal in UK corporate history.

Anheuser-Busch InBev, which will soon make almost 30% of the world’s beer, wants to serve more low and alcohol-free brews to drinkers trying to live a healthier lifestyle.

SABMiller, the brewer that is due to be bought by Anheuser-Busch InBev later this year, reported a decline in full-year profit as it was saddled with charges related to some African operations and costs associated with the takeover.

Anheuser-Busch InBev, the world’s largest brewer, intends to sell the Eastern European brewing assets of SABMiller to secure regulatory approval for its $100 billion (€88.2bn) takeover of its rival.

Budweiser brewer Anheuser-Busch InBev has agreed a €2.55bn deal to sell European lager brands Peroni and Grolsch as it moves a step closer to sealing its takeover of SABMiller.

Anheuser-Busch InBev has formally informed EU anti-trust regulators of its plan to sell SABMiller’s premium European brands to try to secure approval for its $100bn-plus (€876m) takeover of the London-based brewer.

Anheuser-Busch InBev, the beermaker in talks to buy SABMiller for $107bn (€101bn), may sell the Peroni and Grolsch brands as it works to gain regulatory clearance to combine the world’s biggest brewers, people familiar with the matter said.

Anheuser-Busch InBev’s chief executive says a study of SABMiller’s African beer markets and talks with top shareholders led to an “alignment of stars” that drew it to its nearest rival.

Beer giant SABMiller turned up the heat in its takeover battle with rival Anheuser-Busch InBev as it said a sweetened bid from the Budweiser brewer "substantially undervalues" the business.

The world’s largest brewer wanted to keep the biggest deal of the year under wraps. Market chatter and the UK’s unique takeover rules got in the way.

Anheuser-Busch has approached rival SABMiller about a takeover that would form a brewing colossus which makes around a third of the beer consumed globally.

Shares in Guinness maker Diageo built up a head today as investors responded to reports that Brazil’s richest man was preparing a bid for the British drinks maker.

Brewing giant, SABMiller is buying Britain’s Meantime Brewing Company, snapping up one of the pioneers of craft brewing to give the owner of big brands such as Peroni and Grolsch exposure to a fast-growing part of the drinks market.

The EU is investigating Belgium’s tax deals with multinational corporations, potentially dragging dozens more companies into widening probes of sweetheart fiscal pacts handed out by national governments.

Ask any student who has spent their Erasmus year in Leuven — they will tell you it’s a great city, and they had the time of their lives.

Anheuser-Busch InBev, the world’s biggest brewer, hasreported an unexpected decline in second-quarter volume and lower profit as sales fell in the US and Europe.

The world's largest brewer, Anheuser-Busch InBev, today said its net profit in the fourth quarter nearly doubled compared to the same period a year earlier thanks to strong global growth of its Budweiser and Stella Artois brands.

Anheuser-Busch InBev has reported a fall in third quarter profits after its beer sales declined in North America and Western Europe.

Global brewing giant Anheuser-Busch InBev today looked forward to a World Cup boost and said it had shrugged off record beer duty hikes to outperform the UK market.

Scotland's best-selling lager, Tennent's, was today snapped up by C&C in a deal worth £180m (€204.4m).

Drinks group C&C is to acquire the Irish, Northern Irish and Scottish businesses of Anheuser-Busch InBev (ABI), including the Tennent’s brands, for £180m (€205m), the company announced this morning.