U.S. Justice Department says it approves SABMiller, ABI deal | Reuters

U.S. Justice Department says it approves SABMiller, ABI deal | Reuters

Reuters July 21, 2016, 01:15:08 IST

WASHINGTON The U.S. Justice Department said on Wednesday it had agreed to a settlement with Anheuser-Busch InBev SA ABI.BR that will permit ABI to proceed with its acquisition of SABMiller Plc SAB.L

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U.S. Justice Department says it approves SABMiller, ABI deal
| Reuters

WASHINGTON The U.S. Justice Department said on Wednesday it had agreed to a settlement with Anheuser-Busch InBev SA ABI.BR that will permit ABI to proceed with its acquisition of SABMiller Plc SAB.L.

“The settlement requires ABI to divest SABMiller’s entire U.S. business – including SABMiller’s ownership interest in MillerCoors, the right to brew and sell certain SABMiller beers in the United States and the worldwide Miller beer brand rights. This settlement will prevent any increase in concentration in the U.S. beer industry,” the Department said in a statement.

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(Reporting by Mohammad Zargham)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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