The Irish Competition Authority has given Clonmel-based drinks group C&C the go-ahead for its EUR205.2m (US$300.8m) purchase of the Tennant's lager brand and assets in Scotland and Northern Ireland.
Having gained regulatory approval, C&C will be putting the deal to its shareholders at an extraordinary general meeting in Dublin next Friday.
"The Competition Authority has taken the view that the proposed acquisition does not raise competition concerns in the State," the Irish regulator said. A full version of its adjudication is to be published on 16 November.
C&C announced the Tennant's deal, which includes the acquisition of the Target Business from Anheuser-Busch InBev, in August. In addition to the purchase of the Tennant's lager brand, the deal also includes the Wellpark Brewery in Glasgow and distribution rights to Stella Artois in Ireland and Scotland.