This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-36079368

The article has changed 4 times. There is an RSS feed of changes available.

Version 1 Version 2
Peroni and Grolsch brands sold by AB InBev to Asahi Peroni and Grolsch brands sold by AB InBev to Asahi
(35 minutes later)
Brewing giant AB InBev has agreed to sell European lager brands Peroni and Grolsch to Japan's Asahi as part of its takeover of SAB Miller.Brewing giant AB InBev has agreed to sell European lager brands Peroni and Grolsch to Japan's Asahi as part of its takeover of SAB Miller.
The terms of the deal were not disclosed but Asahi had previously offered €2.25bn ($2.5bn; £1.8bn).The terms of the deal were not disclosed but Asahi had previously offered €2.25bn ($2.5bn; £1.8bn).
The group was put up for sale to allay competition concerns as a result of InBev's purchase of SAB Miller.The group was put up for sale to allay competition concerns as a result of InBev's purchase of SAB Miller.
The brands, which also include London's Meantime brewery, were originally owned by SAB Miller.The brands, which also include London's Meantime brewery, were originally owned by SAB Miller.
SAB only bought Meantime last year, as part of an attempt to reap the benefits of the growing craft beer market in the UK.SAB only bought Meantime last year, as part of an attempt to reap the benefits of the growing craft beer market in the UK.
In a statement, Asahi, which also owns the Super Dry brand, said: "This transaction will be completed concurrently with and subject to the completing of AB InBev's acquisition of SABMiller."In a statement, Asahi, which also owns the Super Dry brand, said: "This transaction will be completed concurrently with and subject to the completing of AB InBev's acquisition of SABMiller."
It added that it expected the deal to be completed in the second half of this year.It added that it expected the deal to be completed in the second half of this year.
Asahi first signalled its interest back in February and, at the time, said that it had been looking to grow internationally, and that this deal would help the group "expand its growth platform in Europe and become a global player with a distinct position".Asahi first signalled its interest back in February and, at the time, said that it had been looking to grow internationally, and that this deal would help the group "expand its growth platform in Europe and become a global player with a distinct position".
By selling the brands, AB Inbev had wanted to "proactively address" any potential regulatory issues in its takeover of SAB Miller, the largest takeover of a UK-based firm, as well as the fourth biggest in corporate history.By selling the brands, AB Inbev had wanted to "proactively address" any potential regulatory issues in its takeover of SAB Miller, the largest takeover of a UK-based firm, as well as the fourth biggest in corporate history.
The Budweiser brewer has also sold SABMiller's 58% stake in US joint venture MillerCoors to its main partner in the business, Molson Coors, for $12bn.The Budweiser brewer has also sold SABMiller's 58% stake in US joint venture MillerCoors to its main partner in the business, Molson Coors, for $12bn.
The company created from the £70bn merger between AB Inbev and SAB will produce about 30% of the world's beer. The two firms are predicting cost savings of at least $1.4bn a year once the combination is completed.
As well as Budweiser, AB InBev also makes Stella Artois and Corona.
AB InBev reported a 4% drop in profits in 2015 to $8.5bn (£5.9bn), hit by a fall in sales in the US and Brazil, as well as the slowdown in China.