Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

FTSE jumps on SABMiller surge

Ben MoshinskySep 16, 2015, 21:07 IST

REUTERS/Daniel Munoz

The FTSE 100 closed up 1.49% to 6,229.21 on Wednesday, after brewing giant SABMiller confirmed that rival drinks giant Anheuser Busch InBev is planning to buy the company to create the world's biggest brewing firm.

SABMiller's shares exploded upwards around 20% on the news, taking the FTSE higher on the day.

European markets were also in positive territory. Germany's Dax rose 0.53% while France's CAC40 was up 1.82%. The Euro Stoxx 50, an index of the region's biggest companies, was up 1.42% at the time of writing.

Here's what it looks like on Wednesday:

Investing

And here is the SABMiller chart, which goes to show the power of M&A information:

Investing

NOW WATCH: Animated map renames states for countries with similar GDPs

Please enable Javascript to watch this video