Commission requests another extension to look at SAB deal

SOUTH AFRICA – 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.

SOUTH AFRICA – 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.

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

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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 today.

There will be another extension,” Competition Commission spokesman Itumeleng Lesofe said.

Mr Lesofe said details would be provided at a later stage – Reuters

May 5, 2016; http://www.bdlive.co.za/business/retail/2016/05/05/commission-requests-another-extension-to-look-at-sab-deal-with-ab-inbev

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