SAB and ABInBev may create worlds biggest brewer

SAB Miller, the world's second biggest brewer, is in talks to be bought by its bigger rival Anheuser-Busch InBev, according to reports.

The global brewer, based in London, could be the subject of an $80 billion deal according to Brazilian financial journalist Guilherme Barros.

The deal could create the worlds largest brewer by a large margin, with Belgium's ABI already commanding a 25 per cent share of global brewing.

The new entity would be maintaining a footprint in every global marketplace with near 50 percent stake in the US marketplace.

His report on the Sao Paulo-based website IG prompted shares in SAB Miller to rise by 120p to 2220 pence - an increase of 5.7%.

AB InBev's share price, incidentally, dropped by 1.4% to E39.80.

Lagers brewed by SAB Miller include Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch. It is also a major bottler of Coca-Cola.

Anheuser-Busch InBev, meanwhile, is best-known for brewing Budweiser and Stella Artois.

Both SAB Miller and Anheuser-Busch InBev have declined to comment.