Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,617.32
    -1,489.62 (-2.97%)
     

  • CMC Crypto 200

    1,263.28
    -94.73 (-6.97%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

South Africa watchdog seeks fifth extension for regulatory scrutiny of SAB, AB InBev deal

Reuters - UK Focus

JOHANNESBURG, May 5 (Reuters) - South Africa's competition watchdog will ask for another extension to scrutinise Anheuser-Busch InBev's planned $106 billion takeover of SABMiller (Xetra: BRW1.DE - news) , its spokesman said on Thursday.

The watchdog was due to finish its investigation on Thursday, after it was granted a 15-day extension to complete its scrutiny. It (Other OTC: ITGL - news) has already extended the deadline four times.

"I confirm that the competition Commission will not be issuing a decision on the SAB/ABInbev merger today. There will be another extension," Competition Commission spokesman Itumeleng Lesofe told Reuters, without elaborating.

Lesofe said details would be provided at a later stage. (Reporting by Nqobile Dludla; Editing by James Macharia)