ACCC again delays ruling on beer megamerger of Anheuser-Busch InBev, SABMiller
The Australian Competition and Consumer Commission has delayed for the second time in a week a decision on the local impact of the $140 billion global beer megamerger between Anheuser-Busch InBev and SABMiller, the owner of Victoria Bitter.
The ACCC has pushed back a proposed decision date of April 21 at the request of the two big global brewing giants who want to provide more information to the Australian regulator.
It is the second time in a week there has been a delay, with the ACCC itself altering the previous proposed decision date of April 14 and extending it to April 21, citing the need for more time to "consider the proposed acquisition".
On Tuesday, there was a fresh development in Europe when Anheuser-Busch InBev announced it had agreed to sell European brands Peroni and Grolsch to Japanese brewer Asahi as part of a move to appease competition regulators in the northern hemisphere. Sydney Morning Herald – Read more…
The ACCC has pushed back a proposed decision date of April 21 at the request of the two big global brewing giants who want to provide more information to the Australian regulator.
It is the second time in a week there has been a delay, with the ACCC itself altering the previous proposed decision date of April 14 and extending it to April 21, citing the need for more time to "consider the proposed acquisition".
On Tuesday, there was a fresh development in Europe when Anheuser-Busch InBev announced it had agreed to sell European brands Peroni and Grolsch to Japanese brewer Asahi as part of a move to appease competition regulators in the northern hemisphere. Sydney Morning Herald – Read more…
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