Brew deal. Japan's Asahi to buy SABMiller's Peroni, Grolsch, Meantime beer brands

February 10, 2016 4:03 PM

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Japanese brewer Asahi Group has offered to buy SABMiller’s Peroni, Grolsch and London Meantime brands and their associated businesses in Italy, the Netherlands and the UK for $2.87 billion.

The deal could help Anheuser-Busch InBev NV satisfy European regulatory requirements as it attempts to complete the purchase of SABMiller and is conditional on the the completion of AB InBev's $100-plus billion acquisition of SABMiller, which is expected to happen during the second half of the year.

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