V&S Group, the state-owned Swedish drinks group that owns the Absolut Vodka and Plymouth Gin brands, is said to have attracted possible bid interest from Anheuser Busch (AB), the US brewer of Budweiser. Analysts value the company at up to £2bn. Fredrik Reinfeldt, Sweden's newly elected prime minister, has promised to sell off some state-owned assets, such as V&S. AB is seeking to reduce its exposure to brewing by diversifying into spirits.

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