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SABMiller, Molson close deal to create MillerCoors
Brewing giant SABMiller and US brewer Molson Coors have announced the closing of the transaction to combine their US and Puerto Rico operations.
Brewing giant SABMiller and US brewer Molson Coors have announced the closing of the transaction to combine their US and Puerto Rico operations.
British brewer SABMiller and United States-Canadian Molson Coors said on Thursday US antitrust regulars had concluded a review and that they are "free to
proceed" with a joint venture.
Brewers SABMiller and Molson Coors Brewing have agreed to combine their United States operations to create a business that will have annual sales of ,6-billion and be the second-biggest market player behind Anheuser-Busch. The venture, MillerCoors, will generate around -million of annual cost savings.