The Traderszone Network

Published in TZ Latest News 8 December, 2015 by The TZ Newswire Staff

U.S. lawmakers worry AB InBev beer deal will hurt craft brewers

Anheuser-Busch InBev (ABI.BR), the world’s biggest brewer, faced tough questions on Tuesday from U.S. lawmakers unhappy over its plan to buy SABMiller (SAB.L) due to concerns the deal will hurt the fast-growing U.S. craft beer industry. AB InBev announced the $106 billion deal in November, promising to sell SABMiller’s stake in MillerCoors to Molson Coors so it could win U.S. antitrust approval.