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Commission requests another extension to look at SAB deal with AB InBev

6 May 2016

The Competition Commission will ask for another extension to scrutinise Anheuser-Busch InBev's (AB InBev's) planned $106bn takeover of SABMiller, its spokesman said on Thursday.

Image credit: Sowetan

The watchdog was due to finish its investigation on Thursday, after it was granted a 15-day extension to complete its scrutiny.

It has already extended the deadline four times.

"I confirm that the competition Commission will not be issuing a decision on the SAB-ABInbev merger yesterday. There will be another extension," Competition Commission spokesman Itumeleng Lesofe said.

Lesofe said details would be provided at a later stage.

Reuters

Source: Business Day

Source: I-Net Bridge

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