SABMiller has refused to react to reports that it is set to buy a 51% stake in Indian brewer Mohan Meakin, reports www.just-drinks.com.

The brewing giant has long been linked to a deal with Mohan Meakin, which holds an 8% share of the India's fast-growing beer market.

According to media reports in India , SABMiller would buy the stake in a deal worth Rs 4 billion (US$86.7 million). However, a SABMiller spokesman declined to comment. "We can't comment on speculation or rumours," he said.

It was reported in April that a deal between the two had been held up by the need for further talks on properties owned by Mohan Meakin.

For this and more stories, go to www.just-drinks.com (subscription required)

http://www.just-drinks.com/article.aspx?ID=87763&lk=dm