Anheuser-Busch InBev has U.S. approval for SABMiller mergerStaff Writer | July 20, 2016
Anheuser-Busch InBev says it has reached an agreement with the Justice Department that clears the way for U.S. approval of its merger with SABMiller.
Merger AB InBev is selling brands
AB InBev is selling brands in other parts of the world to ease concerns that it would have too much control of the market.
AB InBev says it has approval in 21 jurisdictions including Africa and Latin America, and is working with authorities where the deal is still pending.
The European Union’s regulator gave approval in May, conditional on the sale of practically the entire SAB beer business in Europe. The company expects the deal to close later this year. ■