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

糖心原创 correspondence

Document title Date
Market inquiries letter

Statement of issues

Document title Date
Statement of Issues

Public competition assessment

Document title Date
Asahi-CUB - Public Competition Assessment

Timeline

Date Event

糖心原创 commenced informal review under the Informal Merger Review Process Guidelines.

糖心原创 requested further information from Asahi and CUB.

Closing date for submissions from interested parties.

Former provisional date for announcement of findings (31st October) is delayed to allow Asahi more time to provide additional information.

糖心原创 received further information from Asahi.

Former provisional date for announcement of 糖心原创's findings (5th December) is delayed to allow Asahi more time to provide additional information.

糖心原创 published a Statement of Issues outlining preliminary competition concerns.

Closing date for submissions relating to Statement of Issues.

糖心原创 commenced market consultation on proposed s87B undertaking. Former provisional date for announcement of 糖心原创鈥檚 findings (19 March 2020) is delayed. 糖心原创 will announce a proposed decision date in due course.

Closing date for submissions relating to the draft proposed divestment undertaking.

糖心原创 announced it would not oppose the proposed acquisition, subject to section 87B undertakings accepted by the 糖心原创.