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Johannesburg - Anheuser-Busch InBev (AB InBev) said in a Sens statement issued on Friday evening that it welcomes the statement from SABMiller plc that its board intends to recommend the revised and final terms of the proposed combination announced by AB InBev on 26 July 2016.
AB InBev and SABMiller have worked very closely since November last year. The teams have made significant progress on the regulatory process around the world, the disposals in the US, China and Europe, as well as general integration planning and AB InBev's bond financing program.
AB InBev said it believes the proposed combination represents a compelling opportunity for all SABMiller and AB InBev shareholders and continues to intend to recommend the combination to its shareholders. Following previously announced clearances in the EU, South Africa, the US and China, all of the pre- conditions to the proposed combination have been satisfied.
AB InBev has obtained approval in 23 jurisdictions. In the remaining jurisdictions where regulatory clearance is still pending, AB InBev will continue to engage proactively with the relevant authorities to address their concerns in order to obtain the necessary clearances as quickly as possible.
The combination remains subject to certain other terms and conditions which are set out in the 11 November 2015 Announcement, including approval by the SABMiller and AB InBev shareholders. AB InBev continues to focus on working closely with SABMiller to take the necessary steps in preparation for completing the combination as quickly as practicable and expects the transaction to complete in 2016.
It said another announcement will follow in due course with further details.
"The combination between AB InBev and SABMiller would create a truly global brewer, providing more choices for beer drinkers, including global and local brands, in new and existing markets around the world," the company said.
