30th Jun 2016 08:31
LONDON (Alliance News) - Anheuser-Busch InBev NV on Thursday said competition authorities in South Africa have approved its GBP71.00 billion takeover of SABMiller PLC.
The approval from the Competition Tribunal of South Africa completes the approval process for the deal in South Africa and leaves AB InBev on track to complete the deal in the second half of 2016.
"We are delighted by the Competition Tribunal's decision to approve our proposed combination with SABMiller in South Africa, a market that would play a critical role in the combined company," said Carlos Brito, AB InBev's chief executive.
SABMiller shares were down 0.2% to 4,331.50 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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