AB InBev offers Modelo deal concessions

February 15, 2013

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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AB InBev Seals $20 Billion Modelo Purchase to Gain Corona

June 29, 2012

Bloomberg, 06/29/2012

Anheuser-Busch InBev NV (ABI), the world’s biggest brewer, agreed to buy the remainder of Mexico’s Grupo Modelo SAB for $20.1 billion in cash, gaining full control of the Corona maker to increase its presence in emerging markets.

AB InBev, the maker of Budweiser, said it expects the combined company to deliver cost and revenue benefits of at least $600 million annually.

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