Competition Commission recommends merger
SABMiller has been informed by Anheuser-Busch that the Competition Commission of South Africa has completed its investigation and recommended to the Competition Tribunal that Anheuser-Busch’s proposed combination with SABMiller be approved with conditions.
The next and final stage of the merger consideration process in South Africa is for the Competition Tribunal to consider the proposed combination and make its clearance decision.
The recommendation from the Competition Commission of South Africa represents another important milestone in the process of securing regulatory clearance for the transaction in South Africa. Following on from Anheuser-Busch’s receipt of exchange control approval from the South African Reserve Bank and the European Commission’s approval of the recommended combination with SABMiller, Anheuser-Busch believes it is well on track to secure the necessary regulatory approvals that will allow for closing in the second half of 2016.