Anheuser-Busch InBev (AB InBev) is likely to sell most of the remaining European brands of SABMiller for £5bn, as part of its efforts to secure approval from the regulatory authority to its £71bn takeover plan.

The Belgium brewer is set to divest SABMiller’s Central and Eastern European brands, reported the Sunday Times.

"The Australian Competition and Consumer Commission (ACCC) gave its approval to the merger."

It has informed the European Commission that it would sell off brands such as Lech and Pilsner Urquell to allay competition concerns.

In April, the firm announced its plan to divest Peroni, Grolsch to Japanese firm Asahi for $2.25bn. In the US, the firm announced its plan to sell SABMiller’s stake in MillCoors to Molson Coors Brewing.

Earlier this month, the Australian Competition and Consumer Commission (ACCC) gave its approval to the merger after it came to the conclusion that the takeover would not impact the domestic market.

To gain the approval in Australia, the Belgium brewer decided to end agreements with Lion for distribution of Corona beer and its other brands.