Grolsch parent company to merge with AB Inbev

Background of beer bottle capsThe two biggest brewing companies in the world have agreed to merge in a deal valuing the parent of Dutch brewer Grolsch at €95bn.

AB Inbev has raised its earlier offer for SAB Miller to around €60 a share, a 50% premium on the closing price on September 14.

SABMiller’s board, which rejected earlier offers as too low, will now recommend the deal to shareholders.

British-South African brewing group SABMiller bought Grolsch for €816m at the end of 2007.

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