InBev is close to securing a £50bn financing package to launch a bid for Anheuser-Busch.

The brewer has held talks with banks JP Morgan, Santander, BNP Paribas and Merrill Lynch about a financing package, according to the Sunday Telegraph.

However, Anheuser-Busch has hired investment banks Goldman Sachs and Citigroup to fend off any approach, reported The Sunday Times.