Washington - US authorities on Friday approved the 52- billion-dollar takeover of beer giant Anheuser-Busch by Belgian firm InBev.
Under the deal, InBev must give up its Labatt brand in the United States. The a Canadian brewed beer is popular in New York state and anti-trust regulators feared a lack of competition there, the US Justice Department said.
The takeover would create the world's largest brewer. InBev, producer of brands like Stella Artois and Beck's, while Anheuser- Busch brews Budweiser and Bud Light.