Efes Breweries (EBI) is not for sale, its owner has said, in response to reports in a Russian newspaper that InBev was interested in acquiring the international brewer.

The Russian daily Kommersant reported unnamed sources as saying that InBev was looking to buy the brewer in a deal worth over US$1bn.

But in a statement Anadolu Efes, which owns 70% of EBI, said: "The news (has) not been true. There have been no plans for the sale of EBI and no discussions are being conducted with respect to this issue."

InBev has been acquisitive in Russia recently, a country where Efes gets 77% of its revenues. The Belgian brewer recently bought Tinkoff for €167m.

Efes owns three breweries in Russia and controls about 7% of the market.