Brazil's stock market regulator has ruled that Interbrew SA's takeover of Brazil's biggest brewer does not harm certain minority shareholders, allowing the €10.3 billion ($12.7 billion) deal to pass in a shareholders vote this month.
Interbrew's deal, announced in March, to buy Cia. de Bebidas das Américas (AmBev) and become the world's largest brewer by volume was contested by Brazil's largest pension fund, Previ, which owns 14.7% of AmBev's preferred shares.