InBev has reportedly finalised the sale of German brewer Dinkelacker-Schwaben Bräu.

Last month, the Belgian brewing giant told just-drinks that it was close to sealing an agreement with the former owner of the Stuttgart-based brewer.

A report in German newspaper Frankfurter Allgemeine Zeitung yesterday (20 December) said the sale to Wolfgang Dinckelacker had been agreed. Financial details were undisclosed.

Officials at InBev Deutschland could not be reached for comment as just-drinks went to press.

InBev is looking to cut costs from its German business as it looks to revitalise its operations in a tough market.

Last month, InBev said its sales in Germany fell by 1.5% during the third quarter of the year. In the last 12 months, InBev has also sold its Zwickau and Wolters breweries in Germany.

The brewer, which owns German brands including Beck's and Franziskaner, is the second-largest beer maker in Germany behind Radeberger.