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

Please refer to the attached Public Competition Assessment.
 

Competition analysis

Please refer to the attached Public Competition Assessment.
 
 

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.