Australian consumer watchdog, the ACCC, has approved the Australian component of the gargantuan US$106bn (£73bn) Anheuser-Busch InBev (AB InBev) takeover of SABMiller.
The takeover by the Belgium firm would see the creation of Australia’s largest brewer, which would also control roughly 30% of the global beer market. In a statement from the ACCC, chairman Rod Sims said: “The ACCC found that the proposed acquisition would not significantly change the current market structure. The two largest suppliers of beer in Australia…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
