South African minister praises AB InBev's competition, public-interest pledges
( April 18, 2016, 11:07 GMT | Insight) -- South Africa's economic development minister has praised the approach of Anheuser-Busch InBev as the brewer awaits antitrust approval for its proposed takeover of SABMiller, BDLive has reported. Speaking yesterday, Ebrahim Patel commended AB InBev for agre...South Africa’s economic development minister has praised the approach of Anheuser-Busch InBev as the brewer awaits antitrust approval for its proposed takeover of SABMiller, BDLive has reported. Speaking yesterday, Ebrahim Patel commended AB InBev for agreeing to measures to ease public interest and competition concerns surrounding the deal. He cited the beermaker’s openness to negotiating with the government as an example to other companies. AB InBev’s package will include the investment of 1 billion rand ($69 million) to support small-holder farmers and local manufacturing. There will be no involuntary job cuts in South Africa and the merged entity will base its African head office in Johannesburg. South Africa’s Competition Commission is scheduled to release its recommendations on the merger in May, after several delays. ...
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