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South African conditions for SABMiller, Coca-Cola merger released

( May 10, 2016, 14:51 GMT | Official Statement) -- MLex Summary: South Africa’s Competition Tribunal has released the conditions stipulated for approval of the merger between SABMiller and The Coca-Cola Company. The watchdog approved the merger today, subject to several conditions. The agreed remedies include: to locate the merged company’s headquarters in South Africa, to continue the production of Appletiser-branded drinks, and to raise “broad-based black economic empowerment” investment in the company to 20 percent. The parties have also entered into agreements with the country’s trade unions.The full text of the conditions is attached....

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