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.
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