RSS   Newsletter   Contact   Advertise with us

EU regulators happy with $100 billion AB InBev, SABMiller deal

Staff writer ▼ | May 24, 2016
Anheuser-Busch InBev gained EU antitrust approval for its $100 billion-plus acquisition of SABMiller on condition it sell almost the whole of SABMiller's beer business in Europe.
Acquisition   InBev must sell beer business of SABMiller in Europe
The European Commission said Europeans bought around 125 billion euros ($139 billion) worth of beer every year so even a relatively small increase would cause considerable harm to consumers.

"It was therefore very important that AB InBev's takeover of SABMiller did not reduce competition on European beer markets," EU Competition Commissioner Margrethe Vestager said in a statement.

The deal still needs to be approved by authorities in the United States and China. Australia and South Africa have already given their approval.