Department of Justice grants antitrust approval for SABMiller PLC in its acquisition by Anheuser-Busch InBev NV
11 July 2016
Hogan Lovells is representing SABMiller in the groundbreaking global transaction.
Washington, D.C., 21 July, 2016 – The U.S. Department of Justice today granted antitrust approval for Anheuser-Busch InBev NV (AB InBev) to acquire SABMiller plc (SABMiller). Hogan Lovells advised SABMiller plc on U.S. merger clearance issues in this complex matter. Hogan Lovells also advised SABMiller plc on EU merger clearance issues. The European Commission cleared the transaction with remedies on May 24, 2016.
The combination of the world’s two largest brewers, SABMiller plc and AB InBev, will create a global brewer in a transaction that was valued at more than US$100 billion. To obtain U.S. DOJ approval, AB InBev has agreed to divest SABMiller’s interest in MillerCoors to Molson Coors, SABMiller’s joint venture partner in the U.S. Additionally, AB InBev will be subject to certain conduct remedies. The parties anticipate to close the deal later this year.
The Hogan Lovells team in Washington advising SABMiller on the transaction in the U.S. was led by Antitrust, Competition, and Economic Regulation partners Janet McDavid and Logan Breed, with assistance from senior associate Meghan Rissmiller. The Hogan Lovells team in London advising SABMiller on EU merger clearance issues was led by Antitrust, Competition, and Economic Regulation partner Suyong Kim, with assistance from counsel, Paul Castlo. Senior Advisor and Foreign Legal Consultant to Hogan Lovells Rachel Brandenburger also advised on this matter.
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