Posted in Anheuser-Busch, Beer News

Anheuser-Busch Close To Buying Out Modelo (Makers Of Corona)

Anheuser-Busch InBev NV  is closing in on a deal that would give the brewing giant control of Grupo Modelo SAB de CV.  Grupo Modelo is known for grands like Corona Extra, Modelo Especial, Negra Modelo, & more.  The deal is reported to be valued somewhere between $10- $12 billion.  AB Inbev already own a 50% non controlling stake in Modelo.  This deal would essentially be buying the rest of Modelo.

Grupo Modelo and AB Inbev haven’t had the best relationship.  When Anheuser-Busch merged with Belgian based InBev, Modelo filed arbitration in the deal, claiming it was not consulted in the matter.  [Chicago Tribune, WSJ]


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