Stephen Byers accepts Competition Commission's conclusions on Interbrew/Bass merger.

0 Comments | M2 Presswire, January, 2001

M2 PRESSWIRE-3 January 2001-UK Government: Stephen Byers accepts Competition Commission's conclusions on Interbrew/Bass merger (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:03012001 Stephen Byers, Secretary of State for Trade and Industry, has decided not to permit the merger between Interbrew SA (Interbrew) and the UK business of Bass Brewers.

Mr Byers accepted the conclusions of the Competition Commission (CC), contained in the report being published today, and the advice of the Director General of Fair Trading (DGFT), that the merger may be expected to operate against the public interest. In addition, in accordance with the conclusions of the CC and the DGFT, he has decided that Interbrew should be required to divest Bass Brewers in the UK to a buyer...