(TDB) - Prompted by the UK’s decision to leave the European Union AB InBev has upped its offer for SAB Miller in order to push through the largest merger between two beer companies in history.

Belgium-based AB Inbev have raised the cash-only part of the deal to £45-per-share from £44-per-share, and though SABMiller’s directors had agreed to the deal, none of their directors have signed off on the deal yet as Britain’s decision to leave the EU has seen the sterling drop dramatically. The USA Today reports that the deal now stands at USD$103.8 billion.