ABInBev completes the sale of Distell Group

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Anheuser-Busch InBev has completed the sale of Distell Group the Public Investment Corporation (SOC) Limited

AB InBev announced the disposal in an email statement disclosing that the sale of the unit was required as a condition of the South African Competition Tribunal’s approval on 30.June 2016 of the business combination between AB InBev and SABMiller.

It would be recalled that AB InBev had announced the sale of the unit last year towards the finalization of its combination with SAB Miller.

The merger now ranks AB InBev as the world’s largest brewer with about 30% of total global volume.