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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

SABMiller jumps 5% on talk of $80bn AB InBev bid

SABMiller is in demand suddenly, up more than 5% on talk of a possible deal with Anheuser-Busch InBev.

Talk of an $80bn offer from InBev for SABMiller to create a company brewing a third of the world's beer has seen SAB jump 113.5p to 2213.5p. SAB is currently in the process of buying Australia's Fosters for $10.2bn.

The story, which has done the rounds before, appears to have originated in a blog post by a Brazilian journalist. With some scepticism in the City SAB shares have come off their highest level, having touched £23.23.

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