Commission wants more time to weigh beer deal

(From left to right) Corona, Diebels, Loewenbraeu, Franziskaner, Hasseroeder, Beck's and Budweiser beers, owned by Anheuser-Busch InBev, are seen next to Pilsner Urquell and Tyskie drinks, owned by SABMiller, in Nuremberg, Germany. Picture: Daniel Karmann

(From left to right) Corona, Diebels, Loewenbraeu, Franziskaner, Hasseroeder, Beck's and Budweiser beers, owned by Anheuser-Busch InBev, are seen next to Pilsner Urquell and Tyskie drinks, owned by SABMiller, in Nuremberg, Germany. Picture: Daniel Karmann

Published May 5, 2016

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Johannesburg - South Africa's competition watchdog will ask for another extension to scrutinise Anheuser-Busch InBev's planned $106 billion 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.

Read: AB InBev sets record in SABMiller takeover

It has already extended the deadline four times.

“I confirm that the Competition Commission will not be issuing a decision on the SAB-AB InBev merger today.

“There will be another extension,” Competition Commission spokesman Itumeleng Lesofe told Reuters, without elaborating.

Lesofe said details would be provided at a later stage.

REUTERS

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