AB InBev modifies Modelo deal

Brewing giant AB InBev has modified the terms of its takeover deal of Grupo Modelo to appease the US government.

CoronaIt was announced last year that the brewer had acquired the Mexican group for just over US$20 billion.

However the US government raised objections to the deal saying it would restrict competition.

The Department of Justice filed a lawsuit blocking the deal on the grounds that it, “removed an independent competitor and could have led to higher US beer prices,” said Reuters.

The department was apparently unimpressed by AB InBev’s plan to sell 50% of its importer Crown Imports to Constellation Brands.

The modifications, AB InBev announced today (14 February), include the sale of Modelo’s Piedra Negras brewery to Constellation as well as granting the wine company the perpetual rights to Corona and other Modelo brands in the US at a cost of $2.9bn.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Account Manager - Manchester

Black Fire Tequila
Manchester, UK

Marylebone Sales Manager

Philglas & Swiggot
Marylebone, London

Sales Administrator

Les Caves de Pyrène
Guildford, UK

General Manager

3Cs Cider
UK

Liquid Production Assistant

Atom Group
Tonbridge, UK

Brand Manager

Hallgarten Druitt
Luton, UK

Brand Manager

Kilchoman Distillery Co Ltd
Edinburgh, UK

Wine Bar Supervisor

Henny's
London, UK

Partner Manager - On-trade - North West

Maverick Drinks
Manchester, UK

Partner Manager - On-trade - Scotland and NE

Maverick Drinks
Edinburgh, UK

Pays d'Oc Tasting

London,United Kingdom
28th Jun 2018

CHILE: From The Very Top To The Downright Hot

Manchester,United Kingdom
2nd Jul 2018

CHILE: From The Very Top To The Downright Hot

Edinburgh,United Kingdom
3rd Jul 2018
Click to view more

Champagne Masters 2018

Deadline : 22nd June 2018

The Global Malbec Masters 2018

Deadline : 1st July 2018

Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more