AB InBev offers Modelo deal concessions

FEMSA BEERS by kirinqueenFinancial Times, 2/14/2013

Anheuser-Busch InBev has offered to offload assets and licences in a bid to win regulatory approval for its $20bn takeover of Grupo Modelo, the Mexican brewer.

The world’s largest brewer by sales has offered to sell a high-tech brewery in Mexico and offload its US perpetual rights over the Corona and Modelo beer brands in response to the US Department of Justice’s lawsuit to block the takeover on antitrust grounds.

It also intensified its estimation of revenue and cost benefits by $400m to $1bn annually in the process. Carlos Brito, chief executive, said he believed the changes addressed DoJ concerns. “And the deal is even better because we uncovered more synergies,” he said.

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