LONDON, Sept. 28 (UPI) -- A $100 billion deal to merge SABMiller PLC and Anheuser-Busch InBev SA, forming a giant in the brewing industry, was approved by shareholders.
The deal, in which Anheuser-Busch InBev acquires SABMiller, was approved Wednesday in London. The new company will account for 27 percent of beer sales worldwide with annual revenue of about $55 billion. It will also provide Anheuser-Busch InBev an entrance into African sales, where it has little presence, and a stronger share of the market in Latin America.