SABMiller shareholders have given their backing to the proposed £79bn takeover by AB InBev.
Shareholders at the UK Scheme Court meeting this morning voted 87% to 13% in favour of AB InBev’s bid while at the group’s annual general meeting, also held this morning, 97% were in favour.
The group’s two biggest shareholders, Altria and Bevco, had already irrevocably undertaken to back the takeover, so did not vote.
It follows this morning’s general meeting of AB InBev shareholders, who also backed the deal and agreed to keep the existing name for the combined business.
Completion of the deal remains subject to the UK Court sanctioning of the scheme at a hearing which is expected to take place on 4 October. The deal is expected to complete on 10 October.
Carlos Brito, chief executive of AB InBev said: “We are pleased that our shareholders’ vote brings us one step closer to combining our companies, teams, strong heritage and passion for brewing. We are committed to driving long-term growth and creating value for all our stakeholders.”