AB InBev makes job promises to South Africa ahead of merger

April 14, 2016 5:06 PM

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LONDON – Anheuser-Busch InBev pledged not to eliminate any jobs in South Africa following its takeover of SABMiller as part of an agreement designed to expedite the merger.

The pact with South Africa's government was announced after markets closed Thursday. AB InBev also agreed to invest 1 billion rand ($68.8 million) to support small farmers, enterprise development and local manufacturing.

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