Shareholders in SABMiller have approved the brewer's acquisition of a majority stake in Grupo Empresarial Bavaria. The purchase, announced in July, was passed by 98.09% of SABMiller's shareholders at an extraordinary shareholder meeting on Friday (7 October).

The acquisition of the 71.8% stake valued the Colombia-based brewer at US$7.8bn.

SABMiller said that it anticipates the completion of the transaction on Wednesday, whereafter it will launch an offer to Bavaria's minority shareholders.