London - Japan's Asahi Breweries agreed to buy SABMiller’s eastern European assets from Anheuser-Busch (AB) InBev for 900 billion yen (R106bn), Nikkei newspaper reported on its website, as the Budweiser maker ties up loose ends resulting from the combination of the world’s two biggest brewers.
An announcement is due as soon as this afternoon, the paper reported. Asahi’s spokesperson declined to comment on the report, adding the company isn’t the source of it.
The divestment of operations brings AB InBev a step closer to meeting the competition commitments that allowed it to buy SABMiller for about $100bn (R1.36trn). The brewer already agreed to sell the Peroni, Grolsch and Meantime brands to Japan’s Asahi for €2.55bn.