South African regulators delay ruling on AB InBev, SABMiller merger until May 12
South Africa’s Competition Commission was on Thursday given additional five days to make a ruling on the planned merger between two of the world’s biggest brewers, Belgian-based AB InBev and South African owned SABMiller.
This would be the fifth extension granted to the commission.
“There are several outstanding issues that should be considered. The merging parties are aware of these issues, and hence they have consented to the extension,” a spokesperson for the Commission said.
The commission was supposed to round-up its work on Thursday, after having been granted a 15-day extension. It has already been granted four extensions.
The new deadline expires on May 12.
The extended scrutiny by South African regulators could throw-off the global timetable of the brewer to complete the merger in the second-half of 2016.
The spokesperson for the commission, Itumeleng Lesofe, would not say anymore on the concerns the commission may have but said that an additional five days may not be enough to address the outstanding issues.
The South African regulatory commission has a public interest mandate to safeguard jobs as well as protect competition. The Competition Commission investigates deals for any anti-competition issues and submits its recommendations to the Competition Tribunal for a final ruling.