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]