Take them to the courts
They have taken the first judicial hurdle. Interbrew has received the official go-ahead to pursue a judicial review of the Competition Commission’s decision at the beginning of January to block the brewer’s £2.3bn acquisition of Bass brewers. In May or June, depending on the timing of the next General Election, hearings will take place at the High Court in London. A decision may be reached in July.
Interbrew is challenging the prescribed remedy of having to sell Bass Brewers to one buyer only. The Belgian brewer is not challenging the ruling as such. It is believed that the legal action will give Interbrew at least until the end of the year to complete the disposal.
Stewart Gilliland has been appointed Managing Director of Interbrew UK as of 30 April 2001..
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