AB InBev Updates EU Remedies Package For Recommended Acquisition Of Sabmiller

(RTTNews) - Belgian brewer Anheuser-Busch InBev NV, or AB InBev (BUD, AHBIF.PK) said that it has submitted an updated package of commitments to the European Commission in line with its approach to proactively address potential regulatory considerations.

AB InBev has offered the entirety of assets of SABMiller plc (SBMRY.PK, SAB.L) in Central and Eastern Europe (Hungary, Romania, Czech Republic, Slovakia and Poland) for divestment in addition to Peroni, Grolsch and Meantime and their related businesses. These assets include a number of top brands in their markets and are expected to attract considerable interest from potential buyers.

In line with AB InBev's ambition to close the overall transaction during the second half of 2016, the company has made this additional commitment in Phase 1 of the European Commission enquiry.

The proposed divestments are subject to review and approval by the European Commission and conditional on the successful closing of the recommended acquisition of SABMiller by AB InBev, as announced on 11 November 2015. The divestment process in Europe will be carried out in the framework of the relevant employee information and consultation requirements and the ongoing dialogue with employee representative bodies.