GLOBAL: SABMiller, Molson Coors get EU j-v approval

By | 8 April 2008

SABMiller and Molson Coors have received clearance from the European Commission for their joint venture in the US and Puerto Rico.

The EC said yesterday (7 April) that it found no competition concerns or any effects on either companies' operations in the European Union region.

In November, the two brewers were advised by the anti-trust division of the US Department of Justice that it required further information regarding the companies' proposed collaboration.

"We said initially that our aim was to complete this transaction in mid-2008, and that remains the case," a spokesperson for SABMiller told just-drinks at the turn of the year. "This date was given on the basis of past precedent as to how long these types of investigations tend to take to complete."

Sectors: Beer & cider

Companies: SABMiller, Molson Coors

View next/previous articles

Currently reading -

GLOBAL: SABMiller, Molson Coors get EU j-v approval

Currently reading -

The just-drinks interview – PepsiCo International

There are currently no comments on this article

Be the first to comment on this article

Related articles

UK: SABMiller denies Redd's launch plan

SABMiller has said it has "no plans" to launch its Redd's flavoured beer brand in the UK, contrary to reports this week.

Feature - Brewers target women with wheat beer offerings

Rising consumer interest in speciality beers presents definite opportunities for the dark beer category, writes Catherine Mars of Euromonitor International.

AUS: Drinks industry suitors eye Foster's sale

Some of the drinks industry's biggest names are thought to be eyeing Australian group Foster's, just-drinks understands.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page