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The InBev and Anheuser-Busch Merger in China: A View from EconomistsXinzhu ZhangChinese Academy of Social Sciences (CASS) - Research Center for Regulation and Competition Vanessa Yanhua ZhangGlobal Economics Group, LLC; Renmin University of China Howard H. ChangGlobal Economics Group, LLC December 11, 2008 Global Competition Policy Magazine, December 2008 Abstract: On November 18, 2008, China's Ministry of Commerce ("MOFCOM"), the Chinese merger control authority, approved InBev's takeover of Anheuser-Busch, with certain restrictions. The InBev Decision is the only published decision that MOFCOM has made to date following the implementation of China's Anti-Monopoly Law ("AML") in August 2008. As such, it has attracted the interest of international antitrust scholars and practitioners. In this paper, we provide some background on the merger approval process in China and the InBev acquisition, and then discuss the implications of MOFCOM's decision and its other statements on merger policy for the future of merger control in China.
Number of Pages in PDF File: 9 Keywords: Merger and Acquisition, Competition Policy, China Accepted Paper SeriesDate posted: January 6, 2009 ; Last revised: January 8, 2009Suggested CitationContact Information
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