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SABMiller Investor PIC Says `Not in Favor' of AB-Inbev Tie-Up

  • Brewer's fourth-largest shareholder wary of competition issues
  • SABMiller said to reject informal offer of 66.4 billion pounds
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AB InBev’s $100B SABMiller Offer: a Deal Worth Toasting?

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The Public Investment Corp., a South African state-owned pension fund manager that owns a stake in brewer SABMiller Plc, said it opposes a takeover by larger competitor Anheuser-Busch InBev NV because it could create a brewer that’s too dominant, hurting consumers.

“Quite frankly I’m not in favor of it,” Chief Executive Officer Daniel Matjila said by phone on Tuesday. “We may be creating some kind of a monopoly going forward which may have a serious impact on the global economy and beer market in general.”