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Anheuser-Busch InBev Shutting Ancient Brewery

World's largest brewer said Tuesday it plans to close Stag Brewery, a historic 600-year-old brewery on the banks of the river Thames in London.

LONDON (AP) -- The world's largest brewer said Tuesday it plans to close a historic 600-year-old brewery on the banks of the river Thames in London.

Anheuser-Busch InBev on Tuesday said it plans in 2010 to shutter the Stag Brewery, in west London, one of the oldest brewing sites in Britain. It currently employs 182 workers.

Anheuser-Busch InBev was formed late last year when Belgium-based InBev, maker of Stella Artois, bought U.S.-based Anheuser-Busch for $52 billion. One of the reasons for the pairing was to save on costs.

The Stag Brewery had been owned by Anheuser-Busch until last year's takeover. It produces Budweiser, Bud Ice and Michelob Ultra beers.

The company said in its statement Tuesday that it will restructure its operations in Britain in response to weak economic conditions and sharp increases in beer taxes.

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