Molson Coors Brewing Company (NYSE: TAP; TSX) announced today that it has received regulatory approval from the European Competition Commission, related to its acquisition of StarBev, which was previously announced on April 3, 2012. This approval follows previous regulatory approvals from the Serbian Commission for the Protection of Competition, as well as the Anti-Monopoly Committee of Ukraine.
“We are pleased to have received the EU regulatory approval and look forward to closing before the end of the month, as previously indicated,” said Peter Swinburn, President and Chief Executive Officer of Molson Coors. “We continue to be impressed with the StarBev team and operations, and expect to hit the ground running upon closing this highly compelling transaction.”
In May, the Company successfully completed an offering of $1.9 billion in debt securities, the proceeds of which will be used to finance the acquisition.
Overview of Molson Coors Brewing Company
Molson Coors Brewing Company is a leading global brewer delivering extraordinary brands that delight the world's beer drinkers. It brews, markets and sells a portfolio of leading premium brands such as Coors Light, Molson Canadian, Carling, and Blue Moon across The Americas, Europe and Asia. It operates in Canada through Molson Coors Canada; in the US through MillerCoors; in the U.K. and Ireland through Molson Coors UK; and outside these core markets through Molson Coors International. Molson Coors is listed on the Dow Jones Sustainability Index for North America and is constantly looking for ways to improve its Beer Print. For more information on Molson Coors Brewing Company visit the company's Web site, http://molsoncoors.com.
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Molson Coors Brewing Company