A PYMNTS Company

EU: AB InBev makes new offer to clear antitrust hurdles in SABMiller deal

By  |  May 1, 2016

Busch InBev, the world’s biggest brewer, has offered to sell all of acquisition target SABMiller’s central and eastern European assets.

The brewer on Friday announced the updated package of remedies intended to “proactively address potential regulatory considerations” that could hamper its more than R15bn takeover of its nearest rival.

The latest proposal — which affects its operations in Czech Republic, Hungary, Poland, Romania and Slovakia — is in addition to the sale of Peroni, Grolsch and Meantime and their related businesses, the company’s statement said.

AB InBev last week agreed to sell those three brands to Japan’s Asahi for €2.55bn.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.