AB InBev explores selling SAB Miller's premium European brands

AB InBev is looking at flicking off a number of SAB Miller’s premium European brands to satisfy any regulatory concerns that might come out of its proposed takeover.

The brewers announced the possible sale on Thursday, as AB InBev seeks to acquire SABMiller.

The brands which could be on the block include Peroni and Grolsch and their associated businesses in Italy, the Netherlands and the UK.

UK-based Meantime is also being considered given the brand's premium positioning.

The companies said any sale would be conditional upon completion of the acquisition of and would be subject to appropriate engagement with stakeholders.

AB InBev will lead the process, assisted by SABMiller.

SABMiller chief executive Alan Clark said Peroni and Grolsch have become world-renowned premium beer brands, and Meantime has been a welcome addition with a growing and loyal fan base.

“These beers are loved by consumers and we are very proud of them.

“Until the change of control we will continue to invest in growing these great beers and supporting our talented people who brew, sell and manage them."