European Commission (EC) has given regulatory approval for the pending acquisition of American spirits maker Beam by Japanese brewing and distilling company Suntory.

The EC clearance follows Beam shareholders’ approval on 25 March 2014, for the transaction.

Beam president and CEO Matt Shattock said the company has been working with Suntory to help ensure a smooth integration.

"Regulatory clearance from the European Commission paves the way to complete the transaction with Suntory Holdings next week,"Shattock added.

Suntory has announced plans to purchase Beam during January this year.

The acquisition is slated for completion in the second quarter of 2014.

Beam’s shares are no longer expected to trade on the New York Stock Exchange, following the completion of the transaction.

Beam manufactures and sells distilled spirits. The company’s principal products include bourbon whiskey, tequila, Scotch whisky, Canadian whisky, vodka, cognac, rum, cordials, and ready-to-drink pre-mixed cocktails.

It sells its products to wholesale distributors, state governments, third party distributors, global or regional duty free customers, other spirits producers, and joint ventures.