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Commission requests another extension to look at SAB deal with AB InBev
The Competition Commission will ask for another extension to scrutinise Anheuser-Busch InBev's (AB InBev's) planned $106bn takeover of SABMiller, its spokesman said on Thursday.
Image credit: Sowetan
The watchdog was due to finish its investigation on Thursday, after it was granted a 15-day extension to complete its scrutiny.
It has already extended the deadline four times.
"I confirm that the competition Commission will not be issuing a decision on the SAB-ABInbev merger yesterday. There will be another extension," Competition Commission spokesman Itumeleng Lesofe said.
Lesofe said details would be provided at a later stage.
Reuters
Source: Business Day
Source: I-Net Bridge
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