Anheuser-Busch InBev (AB InBev) has secured regulatory approval in China for its takeover of SABMiller.

The approval from the Chinese ministry of commerce was secured on the condition that it would sell SABMiller's interest in CR Snow, a beer joint venture in the country, reported Reuters.

According to AB InBev, this conditional clearance indicates that it had met all all pre-conditions.

"This conditional clearance indicates that it had met all all pre-conditions."

Earlier, it secured approvals for the takeover in EU, the US and South Africa.

AB InBev is currently awaiting the board of SABMiller's recommendation on a revised offer of more than $100bn.

The manufacturer of Budweiser and Corona has added a pound per share to its cash offer to allay investor concerns due to a dip in the value of sterling after Britain voted in June to exit the European Union.

Further, AB InBev has raised its share-and-cash option by 88 pence.