AB InBev to sell MillerCoors stake as part of SAB deal

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Reuters BRUSSELS
Last Updated : Nov 11 2015 | 2:28 PM IST

BRUSSELS (Reuters) - Anheuser-Busch InBev, the world's largest brewer, has agreed to sell SABMiller's 58 percent stake in U.S. joint venture MillerCoors to its partner Molson Coors for $12 billion.

The deal was announced as AB InBev formally launched a $100 billion-plus takeover bid for nearest rival SABMiller on Wednesday in what will be one of the largest mergers in corporate history.

(Reporting by Philip Blenkinsop; Editing by Keith Weir)

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First Published: Nov 11 2015 | 2:13 PM IST

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