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U.S. Justice Department says it approves SABMiller, ABI deal

Reuters - UK Focus

WASHINGTON, July 20 (Reuters) - The U.S (Other OTC: UBGXF - news) . Justice Department said on Wednesday it had agreed to a settlement with Anheuser-Busch InBev SA that will permit ABI to proceed with its acquisition of SABMiller Plc (Xetra: BRW1.DE - news) .

"The settlement requires ABI to divest SABMiller's entire U.S. business - including SABMiller's ownership interest in MillerCoors, the right to brew and sell certain SABMiller beers in the United States and the worldwide Miller beer brand rights. This settlement will prevent any increase in concentration in the U.S. beer industry," the Department said in a statement. (Reporting by Mohammad Zargham)