SLOVAKIA: SABMiller gets green light on Topvar buy
Slovakia's anti-competition watchdogs have approved SABMiller's acquisition of the country's third-largest brewery, Topvar.
The Antimonopoly Office of the Slovak Republic yesterday (14 March) gave the green light to the deal, which will see SABMiller overtake Heineken and become the country's largest brewer. SABMiller and Heineken now control around 80% of the country's beer market.
SABMiller, which already owns Slovakia's largest brewer, Saris, announced the Topvar deal last May after securing a 33% stake. The brewing giant planned to snap up more shares from minority investors in Topvar at separate intervals but in August, InBev's Slovak arm lodged a complaint with the country's competition watchdogs.
An SABMiller spokesman said the company was "very pleased" with the ruling. "We expect to the close the deal in the next week or two," he told just-drinks today.
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