The world’s biggest beer maker, Anheuser-Busch InBev, has made a third bid for rival SABMiller.

The Belgian giant has announced an offer of 42.15 pence a share, following bids of 38p and 40p.

The combined group would be worth more than £180 billion. With InBev brewing Budweiser, Stella Artois and Corona, and SAB brews Peroni and Grolsch, the combined group would produce one-third of the world’s beer.

Carlos Brito, Chief Executive Officer of Anheuser-Busch InBev, said in a statement:

“Both companies have deep roots in some of the most historic beer cultures around the world and share a strong passion for brewing as well as a deep seated tradition of quality.

“By bringing together our rich heritage, brands and people we would provide more opportunities for consumers to taste and enjoy the world’s best beers.”

SABMillers biggest shareholder, the tobacco group Altria, has come out in support of the bid. InBev brews Budweiser, Stella Artois and Corona, while SAB brews Peroni and Grolsch, among others.

InBev (NYSE:BUD) is currently trading down 1.07 percent, with SABMiller (LON:SAB) ip 1.5 percent. (1116GMT)