Equities

Reuters detailed how AB InBev told Indian authorities about cartel, triggering anti-trust probe

Reuters detailed how AB InBev told Indian authorities about cartel, triggering anti-trust probe

Reuters reported exclusively that an Indian anti-trust probe into beer price-fixing allegations was initiated after the world’s largest brewer Anheuser-Busch InBev told authorities last year it had detected an industry cartel. AB InBev discovered the Indian operations it acquired as part of its around $100 billion acquisition of London-listed rival SABMiller Plc in 2016 had for years fixed beer prices along with Denmark’s Carlsberg and India’s United Breweries, which is part-owned by Heineken NV.