CAPE TOWN (Reuters) - South Africa's National Treasury could "in the extreme" try and block the $106 billion takeover of SABMiller (>> SABMiller plc)
"We subject those applications to objective criteria – the likely impact on capital account, the impact on the tax base and the possible complications," the treasury's Director General Lungisa Fuzile told Reuters.
The deal to create a brewer making almost a third of the world's beer would rank in the top five mergers in corporate history and be the largest takeover of a UK company. SABMiller has a secondary listing in Johannesburg.
(Reporting by Wendell Roelf; Editing by James Macharia)