REMGRO LIMITED - Remgro Ltd\Capevin Holdings Ltd - Ruling published by the South African Competition Commission
REM CVH 201606010030A
Remgro Ltd\Capevin Holdings Ltd - Ruling published by the South African Competition Commission
Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
(ISIN: ZAE000026480)
(Share code: REM)
("Remgro")
Capevin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/020857/06)
Share code: CVH
ISIN: ZAE000167714
("Capevin Holdings")
RULING PUBLISHED BY THE SOUTH AFRICAN COMPETITION COMMISSION
Remgro and Capevin Holdings, as indirect shareholders of Distell
Group Limited ("Distell"), have taken note of the South African
Competition Commission’s condition on the proposed merger between
Anheuser-Busch InBev ("AB InBev") and SABMiller plc ("SABMiller")
that SABMiller must dispose of its investment in Distell within
three years of the implementation of the proposed merger with AB
InBev. Remgro and Capevin Holdings will await SABMiller’s
response to the aforesaid condition and, with due consideration to
the rights they have, act in the best interest of Remgro, Capevin
Holdings, Distell and their respective shareholders.
Stellenbosch
1 June 2016
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
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