SABMiller surges on reports of AB InBev deal funding
Updated : 17:00
AB InBev has reportedly lined up Bank of America, Santander and Deutsche Bank among others for $70bn of funding for a possible SABMiller deal, Bloomberg reported on Tuesday.
The Sunday Times reported over the weekend that talks between the two brewing giants were warming up and carried on into the weekend, with a deal possibly on the table this week.
AB InBev has until 14 October to put in a formal bid.
The news sent traders into a flurry, with shares surging to 3,742.74p in the closing minutes of trading on the FTSE, up 108.24p on the day.