South Africa conditionally approves (S)AB InBev merger

South Africa conditionally approves (S)AB InBev merger

The South African Competition Tribunal approves AB InBev's acquisition of SABMiller, but does hand out several conditions specifically for South Africa. These conditions however seem easily attainable.

Approval in 16 jurisdictions

AB InBev can acquire SABMiller on three conditions, says South Africa: the new merger company has to sell cider manufacturer Distell (of which SABMiller owns 25 %) within the next three years; other brewers must not lose shelf space to AB InBev and bottle cap manufacturer Coleus must also provide services to competing breweries.

 

AB InBev issued a press release saying it "welcomes the clearance" and that it is "well on track" to fully finalize the transaction in the second half of the year. 16 different jurisdictions have already approved the merger and where it has not yet been approved, both companies are doing everything they can "to engage proactively with the relevant authorities to obtain the necessary clearances as quickly as possible."