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Beer giant will take the next round of Coronas off Lion

Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis

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The wait for the Australian Competition and Consumer Commission's determination on the local clearance of the $143 billion mega-merger between brewing giants ABI and SABMiller is almost over, with the watchdog set to hand down its judgement on the Antipodean end on Thursday.

The process has been delayed a couple of times as the ACCC asked relevant parties for more information. However, there is now expected to be relatively little local fallout, particularly given the deal has been cleared in all other jurisdictions.

One move that could be accelerated as a result of the deal is ABI shifting control of the Australian licence for Corona, the biggest imported beer in Australia, across from Lion Nathan to SABMiller.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au

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Original URL: https://www.afr.com/street-talk/beer-giant-will-take-the-next-round-of-coronas-off-lion-20160503-gollaq