US Justice Department says it approves SABMiller, ABI deal

The settlement requires ABI to divest SABMiller's entire U.S. business - including SABMiller's ownership interest in MillerCoors,the worldwide Miller beer brand rights.

By: Reuters | Washington | Published: July 21, 2016 1:09 am

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

“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.

Share This Article
Share
Related Article

This settlement will prevent any increase in concentration in the US beer industry,” the Department said in a statement.

For all the latest Business News, download Indian Express App

    Live Cricket Scores & Results