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The European Commission has cleared under the EU Merger Regulation the proposed acquisition of SABMiller, the world's second largest brewer, by AB InBev, the world's largest brewer. The clearance is conditional on AB InBev selling practically the entire SABMiller beer business in Europe.

Commissioner Margrethe Vestager, in charge of competition policy said: "Today's decision will ensure that competition is not weakened in these markets and that EU consumers are not worse off. Europeans buy around 125 billion euros of beer every year, so even a relatively small price increase could cause considerable harm to consumers. It was therefore very important to ensure that AB InBev's takeover of SABMiller did not reduce competition on European beer markets."

The European Union has approved Anheuser-Busch InBev's US$107bn takeover of SABMiller.

The two companies said on May 24 2016 that clearance from the EU's executive body, the European Commission, represents a "significant milestone" in the deal. The news moves AB InBev closer to its ambition to close the transaction in the second half of this year.

Heineken's senior management team has been in Vietnam this week for the company's annual Financial Markets Conference. CEO Jean-François van Boxmeer called the country the "poster child" for international beer thanks to its strong demographics and growing demand. The company is also bullish about its prospects in Asia-Pacific. Here's a snapshot of Heineken's current position in the region and how the market is developing :

Asia-Pacific stats

More than half (54%) of the population is under 35. In Europe, the figure stands ar only 40%

Anheuser-Busch InBev has agreed to transfer SABMiller’s Panamanian business to Ambev. In exchange, Ambev will transfer to AB InBev its business in Colombia, Peru and Ecuador.

Read more here: http://www.beveragedaily.com/Manufacturers/AB-InBev-to-transfer-SABMille...

To focus on SABMiller brands already agreed to buy

* Looking for acquisition opportunities globally

* Can take up to $2.7 bln new debt to fund future acquisitions

Asahi Group Holdings Ltd will not bid for the Eastern European assets that SABMiller PLC is selling to appease anti-monopoly regulators, the president of Japan's biggest brewer said.

Carlsberg started the quarter by offloading a plot of land in Copenhagen for around US$90m. The sale, to Danish pension fund Danica, formed part of Carlsberg's plan to dispose of its non-core assets.

In late-2015, Anheuser-Busch InBev secured the takeover of SABMiller for US$107.3bn. Since then, the brewing giant has lined up several divestments of SAB assets. Here's a rolling list of the sell-offs A-B InBev has lined up to proceed once it closes the transaction, expected at some point in the second half of this year.

Anheuser-Busch InBev announced the intended sale of SABMiller's total presence in Central and Eastern Europe. Here's a breakdown of the brands and assets that are now available to purchase country by country:

Anheuser-Busch InBev , the world's largest brewer, intends to sell the Eastern European brewing assets of SABMiller to secure regulatory approval for its $100 billion-plus takeover of its rival.

AB InBev has already lined up Japan's Asahi Group Holdings to buy SABMiller's Grolsch, Peroni and Meantime brands for 2.55 billion euros ($2.90 billion) and said on Friday that it has put up for sale SABMiller's activities in the Czech Republic, Hungary, Poland, Romania and Slovakia.