Menu

The proposed takeover of SABMiller by Anheuser-Busch In Bev (AB InBev) has moved closer to completion after South Africa’s Competition Commission gave its conditional approval last month.

The conditions given by the regulator requires AB InBev to sell off SABMiller’s stake in the liquor maker, Distell; ensure there are no loss of jobs; and set up a R1 billion ($63.60 million) fund to support local farmers in South Africa. The deal still has to go to South Africa’s Competition Tribunal for final clearance.

South Africa is one of four markets where the $106 billion deal between two of the world’s largest beer producers must gain approval before it closes. European regulators approved the deal recently, but Chinese and U.S. regulators are still reviewing it.