Moscow has rejected a deal through which Turkish brewer Anadolu Efes was set to acquire AB InBev’s stake in a $1.3bn Russian joint venture.
Anadolu Efes, which first agreed the deal with the brewer of Budweiser and Stella Artois in December, said on Thursday that it was informed by Russian authorities that “the current structure of the transaction has not been approved”.
The companies said they were “reviewing the decision” and that normal operations would continue under the direction of Anadolu Efes.
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