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AB InBev pauses UK expansion plans over Brexit concerns

Anheuser-Busch InBev SA's advanced talks to lease more space in its London office building fell through because of concerns over Brexit, Bloomberg News reported Oct. 11, citing two people familiar with the matter.

The Belgian brewer was seeking additional space as part of its expansion plans in the U.K., sources reportedly said, noting that the uncertainty surrounding Brexit before the Oct. 31 deadline impacted the deal.

"We are always looking at alternatives to optimize our footprint and are considering different options for this, including looking at additional office space," AB InBev reportedly told Bloomberg in an email. "While we have not yet made a decision here, this is related to a number of factors, rather than tied to Brexit only."

A spokesman for Evans Randall Investors Ltd., which developed the building that houses AB InBev's London office, reportedly declined to comment on the matter.