World: AB InBev accepts Asahi’s around $2.9 bln binding offer for Peroni, Grolsch and Meantime brands

Anheuser-Busch InBev N.V. accepted the around $2.9 billion binding offer from Asahi Group Holdings Ltd. for SABMiller PLC's European premium brands and their related businesses.

The brewing group, which is selling assets in the hope of getting antitrust approval for its roughly $108 billion acquisition of SABMiller, said on April 19 any deal is conditional upon AB InBev closing the SABMiller transaction.

Included in the sale to Japan's Asahi are the Peroni, Grolsch and Meantime brands and related businesses in Italy, the Netherlands, the U.K. and internationally.

Japan's Asahi made its offer for the brands, valued at about $2.9 billion in cash, in February. The sales are part of AB InBev's aim to secure European regulatory approval.

19 April, 2016