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Australia clears AB Inbev's $100 billion SABMiller buyout plan

The InBev logo is pictured outside brewer Anheuser-Busch InBev's headquarters in Leuven, Belgium, November 10, 2015. REUTERS/Eric Vidal
The InBev logo is pictured outside brewer Anheuser-Busch InBev's headquarters in Leuven Thomson Reuters

SYDNEY (Reuters) - The Australian antitrust regulator on Thursday cleared beer giant Anheuser Busch Inbev SA's planned $100 billion takeover of rival SABMiller Plc, saying the deal would not adversely affect the local market.

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"The ACCC considers that the proposed acquisition is unlikely to result in higher beer prices for consumers," Australian Competition and Consumer Commission Chairman Rod Sims said in a statement.

(Reporting by Byron Kaye; Editing by Stephen Coates)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.
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