Anheuser-Busch InBev has entered into a consent decree with the United States Department of Justice (DOJ), clearing the way for U.S. approval of its recommended takeover of SABMiller.
Announcing the development, AB InBev reaffirmed its expectation to close the global transaction in the second half of 2016.
AB InBev made various commitments to the DOJ as part of the consent decree, including agreement to offload SABMiller’s U.S. interest in MillerCoors to Molson Coors.
“We will continue to invest heavily in the U.S., including our efforts to build our entire portfolio of brands, support and incentivise our wholesalers, and compete effectively in a dynamic and fast-changing market,” said AB InBev CEO Carlos Brito.
AB InBev has now obtained approval in 21 jurisdictions. It still needs clearance from Chinese authorities following its commitment to offload SABMiller’s interest in the Chinese joint venture CR Snow.