AB InBev has reached an agreement with SABMiller to purchase the latter, valued at $105 billion, and (to appease anti-monopoly regulators) to sell the SABMiller share of MillerCoors (valued at $12 billion) to MolsonCoors.  SABMiller will give up its Miller brand worldwide.  Probably SABMiller will have to sell its 40% share in Snow, the leading Chinese beer brand.

AB InBev was interested in SABMiller’s strength in emerging markets such as in Latin America and Africa.  The SAB in the SABMiller name stood for South African Breweries.