SABMiller gets Kenya regulator buyout approval

The Competition Authority of Kenya (CAK) director-general Wang'ombe Kariuki. PHOTO | FILE

The Competition Authority of Kenya (CAK) has approved the proposed acquisition of SABMiller Plc by the world’s biggest brewer, Belgian-Brazilian giant AB InBev.

The UK-based SABMiller has a range of beers in Kenya that include Castle Lager, Castle Milk Stout, Redds, Castle Lite and US brand Miller Genuine Draft.

The brewer also took control of family-owned Crown Beverages Limited — the bottlers of Keringet drinking water.

“Pursuant to the provisions of section 46 (6) (a) (ii) of the Competition Act, 2010, it is notified for general information of the public that the Competition Authority has authorised the proposed acquisition of the issued and to be issued share capital of SABMiller PLC by Anheuser-Busch Inbev SA/NV,” CAK director-general Wang’ombe Kariuki said.

Anheuser-Busch InBev and SABMiller, in 2015 agreed in principle to one of the biggest mergers in corporate history after a near month-long courtship resulted in SABMiller accepting an offer worth more than $100 billion.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.