By Andy Young

Reports from Europe are suggesting that European Commission regulators will approve AB InBev's proposed takeover of SABMiller.

The approval is expected to come after AB InBev laid out substantial asset sales including the Peroni, Grolsch and Meantime brands, which Asahi has agreed to buy, as well as some of SABMiller's Eastern European beer brands.

Last month the European Commission's competition regulator said that it had set a provisional deadline of 24 May to give its verdict on the takeover

Over the weekend Reuters reported that while there was no specific comment from the Commission or AB InBev, "three people familiar with the matter" had said the takeover was set to win conditional EU approval.

Earlier this month the Australian Competition and Consumer Commission said it would not oppose the deal and regulators in South Africa have also given the takeover the green light.

The deal would be one of the largest-ever corporate takeovers and would see the new company control one-third of the global beer market.

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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