MegaBrew receives regulatory approval

On 5 May 2016 the Australian Competition and Consumer Commission (ACCC) advised that it will not oppose AB-InBev’s acquisition of SABMiller. Chairman Rod Sims said: “The ACCC has concluded that the proposed acquisition is not likely to substantially lessen competition in the Australian beer market…. While AB-InBev’s brands have been successful in Australia, particularly Corona, they have previously been distributed via either Lion or CUB. AB-InBev has only a limited direct company presence in Australia and does not brew beer here.”