Interbrew drops South African Breweries case

Interbrew is taking no further action against five news organisations involved in a legal dispute over leaked documents.

The documents claimed Interbrew was about to bid for South African Breweries.

Interbrew is handing the case over to the Financial Services Authority.

The five - the Financial Times, The Guardian, the Independent, The Times and Reuters news agency - have all entered into negotiations with the FSA.

In December, a London high court judge ordered the media groups to hand over the documents, a ruling later upheld by a court of appeals.

The first media reports last autumn caused Interbrew's shares to fall and South African Breweries' to jump.

Interbrew has said the sources of the information may have illegally profited on financial markets.