Tags: EU | Britain | Beer Merger

South Africa Will Consider National Interest in Beer Merger

Thursday, 15 October 2015 01:51 PM

LONDON (AP) — South Africa's National Treasury says it will consider the economic impact of a proposal by the world's biggest beer maker to buy SABMiller — a company with South African roots.

The treasury said Thursday that the finance minister must approve Anheuser Busch InBev's 69 billion pound ($106 billion) takeover of SABMiller and noted that the government imposed conditions when the ex-South African Breweries moved its headquarters to Britain in the 1990s.

It said "the Minister of Finance will apply his mind to any such application, to ensure compliance with existing conditions and the impact on the South African economy."

Erik Gordon of the University of Michigan's Ross School of Business says the statement suggests South Africa will consider broader economic concerns rather than simply whether the merger meets regulations.

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South Africa's National Treasury says it will consider the economic impact of a proposal by the world's biggest beer maker to buy SABMiller - a company with South African roots.The treasury said Thursday that the finance minister must approve Anheuser Busch InBev's 69...
EU,Britain,Beer Merger
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2015-51-15
Thursday, 15 October 2015 01:51 PM
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