InBev has accelerated its acquisition of Chinese brewer Fujian Sedrin.

The global brewer said today (25 January) that it had reached further agreement with the non-state shareholders of the company to speed up the transfer of their 60.52% holding. The move will see the creation of InBev Sedrin, a wholly foreign-owned enterprise under InBev's control.

The brewer announced on Monday that it had agreed to purchase the 39.48% equity interests owned by the Chinese state, as the first part of a multi-stage transaction.

InBev expects the deal, which is subject to regulatory approvals, to close before the end of this year, 12 month earlier than initially expected.

"The accelerated transfer of the non-state equity interests will allow InBev to bring forward the implementation of our growth plans for InBev Sedrin, create a single company that is directly owned and managed by InBev, and benefit earlier from the synergies of this transaction with our existing business in China," Brent Willis, zone president InBev Asia Pacific, said.

Earlier this week, InBev agreed to buy Fujian Sedrin for CNY5.9bn (US$730m).