China conditionally approves AB Inbev-SABMiller merger

China conditionally approves AB Inbev-SABMiller merger

BEIJING - Chinese regulatory authorities conditionally approved brewer Anheuser-Busch InBev’s giant takeover of SABMiller Friday, clearing one of the last major hurdles for the $103 billion deal to go ahead.

Bottles of beer and cider produced by Anheuser-Busch InBev and SABMiller

The commerce ministry "decided to approve the merger of the parties, under additional restrictive conditions", its anti-monopoly bureau said in a statement on its website.

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