Reuters logo
China gives conditional approval for AB InBev, SABMiller merger
July 29, 2016 / 10:46 AM / a year ago

China gives conditional approval for AB InBev, SABMiller merger

BEIJING (Reuters) - China’s Commerce Ministry said on Friday that it had approved Anheuser-Busch InBev’s (ABI.BR) takeover of SABMiller SAB.L, conditional on Anheuser-Busch fulfilling an earlier agreement to sell SABMiller’s stake in a China beer venture.

Photo illustration of beer flowing from a bottle of Stella Artois into a glass, seen against a SAB Miller logo, November 5, 2015. REUTERS/Dado Ruvic/Illustration/File Photo

China Resources Beer agreed in March to buy SABMiller’s stake in their CR Snow venture for a less-than-expected $1.6 billion, removing a regulatory obstacle to the London-based brewer’s takeover by Anheuser-Busch.

The ministry said that SABMiller had pledged to support Anheuser-Busch in the sale of the Chinese venture.

Reporting by Ben Blanchard and Winni Zhou; editing by Adrian Croft

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below