US brewing giant Anheuser-Busch announced in a statement to that it has forged an alliance with Bacardi USA "to distribute a new entry in the growing high end, flavoured alcohol beverage category."

According to reports in US press the announcement came as no surprise with industry sources claiming the objective of the A-B/Bacardi USA joint venture will be to challenge Smirnoff Ice by launching a Bacardi-beer mix.

The deal will almost certainly give Bacardi USA access to A-B's dominating wholesale distribution system and in return A-B will have a valued spirits brand.

No further information was disclosed.