Tanzanian Antitrust Agency Threatens Diageo Unit Over Merger

Tanzania’s Fair Competition Commission threatened to withdraw its approval of East African Breweries Ltd.’s 2010 merger with Serengeti Breweries Ltd., saying the beer maker had breached conditions of the deal.

Serengeti’s performance failed to meet expectations set out when the antitrust agency approved the deal, the FCC said in a statement published in the Dar es Salaam-based Guardian newspaper on Tuesday.