NEW YORK (TheStreet) -- Shares of Anheuser Busch InBev  (BUD)  were increasing in late-morning trading on Monday as the Belgian brewing company could explore other deals following its approximately $104 billion takeover of rival brewer SABMiller (SBMRY), Reuters reports. 

Beverage companies such as Castel GroupCoca-Cola's (KO) Coca-Cola Bottling Africa and Anadolu Efes (AEBMY) could all be possible takeover targets. 

AB InBev plans to sell SABMiller's brands in Western Europe in addition to its joint venture stakes in the U.S. and China as a means of speeding up its acquisition of the company. It's also offloading SABMiller's assets in Eastern Europe, worth about $7.9 billion, to an undetermined buyer, Reuters added. 

SABMiller may also have an agreement with Castel that gives it the first right to buy out the French company if it were to explore new ownership, sources said, according to Reuters

That opportunity could transfer to AB InBev. Analysts estimate Castel may be worth more than $30 billion. 

Additionally, SABMiller owns a 57% stake in Coca-Cola Bottling Africa, Reuters reports. Under the agreement, Coca-Cola has the right to repurchase the stake once SABMiller's takeover closes. 

AB InBev-backer 3G Capital have a growing relationship with major Coca-Cola shareholder Warren Buffett, which analysts have speculated could foster a deal.

However, it's more likely that Coca-Cola would buy back the shares as a means of defending itself from a hostile takeover, Reuters noted. 

AB InBev's deal with SABMiller is expected to close in October pending shareholder approval.  

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