Tag Archives: South African Competition Tribunal

Coca-Cola Beverages South Africa sells stake in Appletiser to black empowerment firms

Coca-Cola Beverages South Africa (CCBSA), the South African unit of the newly formed Coca-Cola Beverages Africa (CCBA) said on Monday it has sold 21.5% of its shareholdings in Appletiser brand to group of investors and employees.

AB InBev to sell Distell stake

Anheuser-Busch InBev NV has agreed to sell SABMiller’s stake in South African spirits maker Distell Group Limited to the country’s largest Pension administrator – The Public Investment Corp (PIC) for an undisclosed amount.

According to Wednesday’s closing price on the Johannesburg Stock Exchange (JSE), the 26.4% stake is said to be worth about R8.92bn rand ($640m).

South Africa’s Competition Tribunal gives its approval to AB InBev, SABMiller merger

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South Africa’s Competition Tribunal has given its nod to the merger of Anheuser-Busch InBev and SABMiller.

The approval, however, comes with conditions designed to address both public interest and competition concerns arising from the merger.