South African Reserve Bank Approves AB InBev-SABMiller Deal

(RTTNews) - Anheuser-Busch InBev SA/NV or AB InBev (BUD, AHBIF.PK) said that it has secured exchange control approval from the South African Reserve Bank or "SARB" for its proposed combination with SABMiller plc (SBMRY.PK, SAB.L).

Approval from the SARB represents an important milestone in the process of securing regulatory clearance for the transaction in South Africa. Following on from the European Commission's approval of its recommended combination with SABMiller plc, AB InBev believes it is well on track to secure the necessary regulatory approvals that will allow for closing in the second half of 2016.