Anheuser-Busch InBev (AB InBev) will provide compensation of up to $300m to Lion for the early cancellation of its distribution agreement for Corona, Budweiser and several other brands in Australia.

The agreement will terminate on 30 September.

This indicates that AB InBev expects to secure all necessary approvals for its purchase of SABMiller by then.

"After consultations, Lion reached agreement on the terms of the terminatio."

Lion’s parent company Kirin Holdings waAfter consultations, Lion reached agreement on the terms of the terminatios quoted by Australian Brews News as saying: "Lion was notified of the termination at the end of March, 2016.

"n."

Lion expects to receive compensation of anywhere from $250m to $300m in the second half of this fiscal year.

It sells AB InBev’s ten beer brands, which represent around 10% of its total sales volume, reported asia.nikkei.com.

Lion’s sales touched $4.31bn last fiscal year.

Meanwhile, Carlton & United Breweries (CUB) has informed its customers that it will commence accepting orders for the AB InBev brands from 1 October.