FDBusiness.com

US Green Light For Anheuser-Busch InBev/SAB Miller Deal

 Breaking News

US Green Light For Anheuser-Busch InBev/SAB Miller Deal

US Green Light For Anheuser-Busch InBev/SAB Miller Deal
July 22
14:27 2016

Anheuser-Busch InBev has received clearance from the United States Department of Justice for the proposed combination with SABMiller. As part of the consent decree and consistent with AB InBev’s approach to proactively address potential regulatory concerns, AB InBev has agreed, among other conditions, to divest SABMiller’s US interest in MillerCoors to Molson Coors. This divestiture, which was previously announced between AB InBev and Molson Coors, is conditional on the successful closing of the combination of AB InBev with SABMiller.

AB InBev has now obtained approval in 21 jurisdictions. Clearance decisions, with or without conditions, have now been obtained: in North America (US and Canada); Asia-Pacific (Australia, India, and South Korea); in Africa (Botswana, Kenya, Namibia, Swaziland, Zambia, Zimbabwe, and South Africa); in Europe (the EU, Albania, Moldova, Turkey and Ukraine); and in Latin America (Chile, Colombia, Mexico and Uruguay). Approval in Ecuador is subject to certain conditions.

In the remaining jurisdictions where regulatory clearance is still pending, AB InBev will continue to engage proactively with the relevant authorities to address their concerns in order to obtain the necessary clearances as quickly as possible.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements