Anheuser-Busch Gets Approval In South Africa For Merger With SabMiller

(RTTNews) - Anheuser-Busch InBev SA/NV (BUD) Thursday announced that the Competition Tribunal of South Africa has approved its proposed combination with SABMiller plc. The company noted that the approval with conditions represents the conclusion of the merger approval process in South Africa and confirms that AB InBev is well on track to close the combination in the second half of 2016.

Carlos Brito, CEO of AB InBev, said, "We recognise South African Breweries' important contribution to the country's economy and society and look forward to building on this through the commitments we have made on jobs and employment, localisation of inputs and production, support for small suppliers and the promotion of black economic empowerment."

AB InBev has now obtained approval in 16 jurisdictions namely Asia-Pacific, Africa Europe and Latin America.

The company said it will continue to engage proactively with the relevant authorities to obtain the necessary clearances.