A-B InBev offers to sell beer brands for quick European merger approval

Anheuser-Busch InBev told European Union regulators it would sell beer brands including Peroni and Grolsch to help gain approval for its $105 billion takeover of SABMiller.

The offer by A-B InBev, the Belgian brewer that owns St. Louis-based Anheuser-Busch, comes two months after the company announced it was in exclusive talks to sell the SABMiller brands to Asahi Group Holdings Ltd. for $2.9 billion.

The European Union set a new May 24 deadline to rule on approving the deal or opening a longer investigation after the companies made an offer last week. A-B InBev has already flagged plans to sell SABMiller’s beer brands that might overlap with its own in Europe.

Read more: Bloomberg

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