Anheuser-Busch (AB) InBev will sell its entire interest in Distell Group to South Africa’s state-owned pension fund Public Investment Corp as part of the conditions for its acquisition of brewer SABMiller, the company said on Thursday. South Africa’s Competition Commission made one of the conditions for AB InBev’s acquisition of brewer SABMiller for more than $100-billion that SABMiller must sell its 26.4% Distell holding, which is worth around $565-million based on its current market value.
Source: www.engineeringnews.co.za
AB InBev to sell stake in Distell to PIC
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