Pursuits
Beer Megadeal Said to Be Close to Winning Chinese Approval
- China’s commerce ministry has no major objections, people say
- Deals will hand control of No. 1 Snow to China Resources Beer
AB InBev-SABMiller Megadeal Close to Chinese Approval
This article is for subscribers only.
Anheuser-Busch InBev NV’s $107 billion acquisition of SABMiller Plc is nearing Chinese approval after the companies agreed to divest the maker of Snow beer, the world’s top-selling brand, according to people familiar with the matter.
Approvals for both transactions could come as soon as this month based on typical review timelines, clearing one of the final hurdles for the biggest beer deal in history.