GERMANY: Interbrew expects green light for Brauergilde Hannover deal
Hugo Powell, Interbrew's chief executive, said yesterday that the deal will take the group's market share in the country from 4% to 8%, and, "we don't see why any regulator would find that a problem."
He went on to say that approval from the EU competition authorities was expected by the end of the year. The deadline for the Commission to make a decision on the deal is December 19.
Earlier this week, Interbrew announced that it has won the support of the City of Hannover in its bid for Braudergilde Hannover.
The City of Hannover owns a 10% stake in Braudergilde Hannover, which is the parent company of the Gilde Brauerei business, Germany's fifth largest beer producer.
The City of Hannover had previously said that it planned to file legal proceedings against Brauergilde alleging that it failed to gain approval from a sufficient number of shareholders for the proposed €523m sale to Interbrew.
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