AB InBev wins Competition Tribunal approval for SABMiller takeover

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(Left to right) Donna Oosthuyse, director of Capital Markets at JSE, AB InBev CEO Carlos Brito and JSE CEO Nicky Newton-King. (Supplied)

Cape Town - Anheuser-Busch (AB) InBev has passed a key competition hurdle in its R1.5trn takeover of SABMiller, after the South African Competition Tribunal approved the merger on Thursday.

LATEST: AB InBev faces two more hurdles before SAB can say cheers

The approval is subject to wide ranging conditions designed to address both public interest and competition concerns arising from the merger, the Tribunal said in a statement on Thursday.

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