UK: The High Court of Justice in England and Wales sanctiones acquisition of SABMiller by AB InBev

SABMiller PLC on October 4 said the High Court of Justice in England and Wales has sanctioned the scheme of arrangement by which the acquisition of SABMiller by Anheuser-Busch InBev SA is being implemented.

SABMiller said it is expected that the UK scheme effective time will be at or around 1815BST on October 4.

AB InBev also released a statement saying it welcomes the announcement by SABMiller, adding that SABMiller's shares will be suspended from trading at 0730 BST on October 5.

Belgian-American AB InBev is buying Anglo-South African SABMiller for GBP79.0 billion, in a deal approved by the shareholders of both companies last week.

Shares in SABMiller were flat at 4,496.50 pence on October 4 afternoon.

04 October, 2016