South African trade union body opposes SABMiller deal

October 14, 2015 3:15 PM

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South African trade union body opposes SABMiller deal

South Africa's Congress of South African Trade Unions (COSATU) said the government, regulators and pension funds should not agree to the $106 billion takeover of SABMiller Plc (SABJ.J) (SAB.L) by Anheuser-Busch InBev SA (ABI.BR) over concerns that jobs and tax revenue would be lost.

COSATU said it supported the stance taken by the Food and Allied Workers Union (FAWU), which said on Tuesday that it would oppose the merger.

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