Tag Archives: South African Competition Commission

Coca-Cola reaches agreement with South Africa over CCBA

June 30, 2017   Editor   No comments

Coca-Cola said on Thursday that it had reached an agreement with the South African government on a package of conditions addressing public interest considerations in connection with the proposed acquisition of AB InBev’s 54.5% stake in Coca-Cola Beverages Africa (CCBA).

The soft drinks giant reaffirmed its commitment to honour all merger conditions agreed with South African regulators when CCBA opened for business in 2016. Coke also agreed to ensure that the majority shareholder of CCBA will honour all merger conditions agreed at the creation of the company.

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South African Competition Commission approves AB InBev, SABMiller merger on conditions

June 01, 2016   Editor   No comments

The South African Competition Commission said on Tuesday it had approved the merger of AB InBev and SABMiller on the condition that AB InBev sell SABMiller’s 26% stake in Distell Group, a major producer of wines, cider and spirits in the country. According to Bloomberg, Distell is worth $559m.

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South African regulator gives conditional approval to SABMiller, Coca-Cola deal

May 12, 2016   Editor   No comments

South Africa’s Competition Tribunal, said on Tuesday it has given its nod to the merger of SABMiller’s South African soft drinks business with Coca-Cola’s South African operation and that of Coca-Cola SABCO to create what would be known as Coca-Cola Beverages Africa, the continents biggest coke bottler with 40% of all Coke’s volumes sold in Africa.

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South African regulators delay ruling on AB InBev, SABMiller merger until May 12

May 07, 2016   Editor   No comments
beer

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.

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AB InBev pledges no forced jobs losses over SABMiller deal

April 15, 2016   Editor   No comments

AB InBev, the Belgian-based brewer, which is in the midst of taking over its nearest rival, SABMiller has reached an agreement with the South African government in order to get the country’s Competition Commission’s approval for the deal.

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South Africa’s Competition Commission extends ruling on AB InBev, SABMiller merger

April 06, 2016   Editor   No comments

South Africa’s competition commission has extended a ruling for Tuesday’s deadline of their review of the pending merger between AB InBev and SABMiller, saying that the deal raises concerns that need to be resolved.

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