Financial Times FT.com

SABMiller and Coors merge US business

By Jenny Wiggins, Neil Hume and Lina Saigol in London and,Jonathan Birchall in New York

Published: October 9 2007 10:52 | Last updated: October 9 2007 20:38

SABMiller and Molson Coors on Tuesday agreed to merge their US brewing operations to create a rival to market leader Anheuser-Busch.

SAB and Coors, the second and third-largest US brewers respectively, said the operation would be named MillerCoors and each would have an equal voting interest. SAB, the larger brewer by both sales and profits, would hold a 58 per cent economic stake and Coors, 42 per cent.

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