Japan’s Asahi Offers $3.5B For SABMiller’s Peroni And Grolsch Brands: Report

Japan’s Asahi Group Holdings has offered 400 billion yen ($3.5 billion) for the Dutch brand Grolsch and Italian brewer Peroni, both of which are owned by SABMiller, the Nikkei Asian Review reported Wednesday, without citing sources. If successful, the deal would be the biggest overseas acquisition by a Japanese beer company.

According to the Japanese daily, Asahi board members finalized the $3.5 billion proposal Tuesday, and a decision on the offer is expected later this week.