UPDATE 4-AB InBev launches SAB bid, to sell MillerCoors stake
* ABI sees savings of $1.4 bln from SABMiller takeover
* Offer worth $106 bln based on Tuesday's close
* Access to African growth key part of deal
* Molson Coors to buy SAB stake in MillerCoors for $12 bln (Updates with further reaction)
By Philip Blenkinsop and Martinne Geller
BRUSSELS/LONDON, Nov 11 (Reuters) - Anheuser-Busch InBev , the world's biggest brewer, launched its $100 billion-plus offer for nearest rival SABMiller on Wednesday and agreed to sell the latter's stake in U.S. venture MillerCoors to help win regulatory approval.
AB InBev, whose takeover of SABMiller would be one of the largest mergers in corporate history, said it expected to achieve $1.4 billion in annual savings four years after completion of the deal, projected for the second half of 2016.
The deal currently worth about 70 billion pounds, or $106 billion, was clinched with an agreement for Denver-based Molson Coors to take over SABMiller's 58 percent stake in their venture, MillerCoors, for $12 billion.
That price tag is higher than some analysts expected, given the small group of potential buyers. However, they had not anticipated it including global rights to the Miller brand, which will nearly double the amount of beer Molson sells internationally. Continuación...