China approves A-B/InBev merger
By Noah Davis • Nov 21st, 2008 • Category: Beer News
You have to love the globalized world. According to the Associated Press, one of the last holdups to InBev’s $52 billion takeover of Anheuser-Busch was the Chinese government.
Apparently, China has a new anti-monopoly law (um guys, you know you’re a Communist country, right?) and officials were worried that the merger would violate the terms. However, the Commerce Ministry ruled A-B InBev wouldn’t reduce competition but the resulting company was banned from “increasing existing stakes in Chinese brewers.” (A-B owns 27 percent of Tsingtao Beer while InBev controls 28.5 percent of Zhujiang Beer.) So there you have it, soon even the Chinese will be drinking massive quantities of Budweiser.
