+ EU to approve AB InBev’s takeover of SABMiller
Anheuser – Busch InBev, the largest beer company in the world, will obtain the European Commission’s approval for its takeover of rival SABMiller, in a transaction worth over USD 100 bln announced last November, three sources familiar with the case stated for Reuters on Friday.
The takeover of SABMiller, one of the largest transactions ever, will allow AB InBev to control a third of the global beer market.
According to the sources, AB InBev has managed to allay the EC’s competition concerns after it accepted to sell several beer brands that are part of SABMiller’s portfolio, such as Peroni, Grolsch and Meantime. Moreover, last month SABMiller announced it plans to sell its operations in Romania, Czech Republic, Hungary, Poland and Slovakia.
The European Commission is going to publish its decision by May 24. Australian and South African authorities have already green-lighted this transaction.
Ursus Breweries, member of SABMiller Group, is one of the biggest beer companies in Romania, owning the Ursus, Timisoreana, Ciucas, Peroni Nastro Azzurro, Glosch, Pilsner Urquell, Azuga, Redd’s and Stejar brands.