Polish company Kulczyk Investments has sold half of its 3% stake in SABMiller for approximately £1bn.

Kulczyk Investments sold approximately 24 million shares in SABMiller at a price of £41.80p for each share.

This move comes as AB InBev is intending to complete the purchase of SABMiller agreed last October, reported Cityam.com

Kulczyk Investments made this move as part of its strategy to diversify investment risk and rebalance the group’s asset portfolio.

"We look forward to the successful completion of the SABMiller and AB InBev merger."

Kulczyk Investments CEO Sebastian Kulczyk said: "Kulczyk Investments has always been characterised by financial independence, a high level of flexibility and swift decision-making.

"The sale of part of our stake allows us to diversify our investment risk and implement the next stage of our new development strategy in accordance with the adopted schedule.

"Our focus now is on creating a sustainable portfolio of assets, and we look forward to the successful completion of the SABMiller and AB InBev merger."

Following the share sale, Kulczyk Investments continues to hold 1.5% of the issued capital of SABMiller.

The sale has taken place via an accelerated bookbuild. Credit Suisse has been appointed as the sole global coordinator and the sole bookrunner for the sale.

Kulczyk Investments will not be able to sell any more shares of SABMiller for 90 days.