UK: Interbrew forced to sell Bass brewing arm as Byers blocks takeover
By Chris Brook-Carter | 3 January 2001
The UK's Secretary of State for Trade and Industry, Stephen Byers, has blocked the recent £2.3 billion takeover by Belgium's Interbrew of the brewing assets of UK leisure group Bass. The Department of Trade and Industry, in a statement released today, said: "Mr Byers accepted the conclusions of the Competition Commission (CC) and advice of the Director General of Fair Trading (DGFT), that the merger may be expected to operate against the public interest."
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The UK's Secretary of State for Trade and Industry, Stephen Byers, has blocked the recent £2.3 billion takeover by Belgium's Interbrew of the brewing assets of UK leisure group Bass. The Department of Trade and Industry, in a statement released today, said: "Mr Byers accepted the conclusions of the Competition Commission (CC) and advice of the Director General of Fair Trading (DGFT), that the merger may be expected to operate against the public interest."
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