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Australia clears AB Inbev's $100 billion SABMiller buyout plan | Reuters

SYDNEY The Australian antitrust regulator on Thursday cleared beer giant Anheuser Busch Inbev SA's (ABI.BR) planned $100 billion takeover of rival SABMiller Plc (SAB.L), saying the deal would not adversely affect the local market.

"The ACCC considers that the proposed acquisition is unlikely to result in higher beer prices for consumers," Australian Competition and Consumer Commission Chairman Rod Sims said in a statement.

(This story corrects to billions in headline)

(Reporting by Byron Kaye; Editing by Stephen Coates)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: May 05, 2016 06:15 AM

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