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AB InBev takeover of SABMiller gets the nod

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When Ab InBev lists on the JSE on 15 January 2016, it will become South Africa's biggest share.
When Ab InBev lists on the JSE on 15 January 2016, it will become South Africa's biggest share.

Johannesburg - The Competition Commission recommended Anheuser-Busch InBev NV’s $106bn takeover of fellow brewer SABMiller with conditions that include the sale of a stake in local wine, cider and spirits producer Distell Group.

AB InBev must sell SABMiller’s 26% stake in Distell within three years of closing the deal, the Pretoria-based antitrust regulator said in an e-mailed statement on Tuesday.

Retaining the stake could hurt competition and lead to “the exchange of commercially sensitive information between AB InBev and Distell,” it said. Other conditions include protecting jobs and setting up a R1bn ($64m) fund to support local farmers.

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