AB InBev and SABMiller have agreed on terms of sale for an estimated £71 billion ($105 billion) merger that would fold the two companies into a new conglomerate.
The new company stands to become one of the largest consumer products companies in the world, as 1/3rd of all the beer brewed on earth will fall under their corporate umbrella once the takeover is completed in the latter stages of 2016.
To appease regulators, SABMiller also announced that it will be divesting its 58% stake in MillerCoors. Its partner in that venture, US-based Molson Coors, will assume full ownership for a $12 billion buyout. The deal includes rights to all current MillerCoors brands in the US, as well as rights to the Miller brand portfolio outside the US.
The MillerCoors deal is still contingent on AB-InBev’s successful takeover of SABMiller.
Read More: [H/T The Drinks Business]