Asahi Group Holdings - Carlton & United Breweries (owned by Anheuser Busch InBev SA/NV)

Acquirer(s)

  • Asahi Group Holdings

Target(s)

  • Carlton & United Breweries (owned by Anheuser Busch InBev SA/NV)

Summary

Asahi proposes to acquire Carlton & United Breweries (CUB).

Asahi and CUB both supply a range of beer, cider and spirits products.

Market definition

A Public Competition Assessment will be published in due course.
 
 

Competition analysis

A Public Competition Assessment will be published in due course.
 
 

Draft undertakings

ACCC correspondence

Document title Date

Statement of issues

Document title Date

Public competition assessment

Timeline

DateEvent
23/08/2019ACCC commenced informal review under the Informal Merger Review Process Guidelines.
05/09/2019ACCC requested further information from Asahi and CUB.
06/09/2019Closing date for submissions from interested parties.
30/09/2019Former provisional date for announcement of findings (31st October) is delayed to allow Asahi more time to provide additional information.
18/10/2019ACCC received further information from Asahi.
21/11/2019Former provisional date for announcement of ACCC's findings (5th December) is delayed to allow Asahi more time to provide additional information.
12/12/2019ACCC published a Statement of Issues outlining preliminary competition concerns.
22/01/2020Closing date for submissions relating to Statement of Issues.
28/02/2020ACCC commenced market consultation on proposed s87B undertaking. Former provisional date for announcement of ACCC’s findings (19 March 2020) is delayed. ACCC will announce a proposed decision date in due course.
18/03/2020Closing date for submissions relating to the draft proposed divestment undertaking.
01/04/2020ACCC announced it would not oppose the proposed acquisition, subject to section 87B undertakings accepted by the ACCC.