South African Reserve Bank grants exchange control approval for the proposed combination between AB InBev and SABMiller
AA – Anheuser-Busch InBev SA/NV (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ABI) (JSE: ANB) is pleased to announce that it has secured exchange control approval from the South African Reserve Bank (“SARB”) for its proposed combination with SABMiller plc (“SABMiller”).
Approval from the SARB represents an important milestone in the process of securing regulatory clearance for the transaction in South Africa.
Following on from the European Commission’s approval of its recommended combination with SABMiller plc, AB InBev believes it is well on track to secure the necessary regulatory approvals that will allow for closing in the second half of 2016.
The combination between AB InBev and SABMiller would create a truly global brewer, providing more choices for beer drinkers, including global and local brands, in new and existing markets around the world.
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