Stella Artois maker InBev has made a $46.3bn (£23.7bn) bid for rival brewer Anheuser-Busch, the company behind Budweiser.

InBev said the bid, at $65 (£33) a share, would create the global leader in the beer industry and one of the world's top five consumer product companies, generating net sales of $36.4bn and profit of $10.7bn (£5.5bn).

“We view this combination as a natural next step for both companies, who already enjoy successful partnerships in the US, Canada and South Korea,” said InBev CEO Carlos Brito.

Anheuser-Busch confirmed it had received an “unsolicited, non-binding proposal for InBev to acquire all of the outstanding shares of Anheuser-Busch for $65 per share in cash.”

“The board will pursue the course of action that is in the best interests of Anheuser-Busch shareholders,” it added.