AB InBev seals Modelo deal

29th June, 2012 by Martin Crummy

AB InBev has hailed its acquistion of the remainder of Mexico’s Grupo Modelo for US$20.1 billion as a “tremendous achievement.”

The Belgium-based maker of Budweiser will pay $9.15 a share in cash, according to details released by the company in a statement. In the process AB InBev will gain full control of the Corona maker to increase its presence in emerging markets.

As previously reported in the drinks business AB InBev already owned a 50.4% stake in Modelo, havinginherited the stake when InBev bought Anheuser-Busch in 2008 for $52 billion.

“Grupo Modelo has been one of our most important partners for more than 20 years and we are very pleased to evolve our long and successful relationship into this combination,” said Carlos Brito, CEO of AB InBev.

“There is tremendous opportunity from combining two leading brand portfolios and further expanding Grupo Modelo’s brands worldwide through AB InBev’s extensive global distribution network,” he continued. “Our admiration for Grupo Modelo’s business and brands has only increased with time and we look forward to joining our historic and world-class breweries.

“We also recognize and appreciate the critical role that Grupo Modelo’s shareholders and management have played in the company’s longstanding success within Mexico and internationally and look forward to their continued contributions.

“Together we will be the leading global brewer with top brands around the world and positions in some of the fastest growing countries.”

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

Grupo Modelo’s name, identity, heritage and headquarters in Mexico City will be maintained, and the company will continue to have a local board.

Leave a Reply

Your email address will not be published.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

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales Assistant

Litmus Wine Agencies
Dorking, Surrey

Private Client Sales

Genesis Wines
London, UK

Head of Sales

Bimber Distillery
London

Compliance Manager

Atom Supplies Limited
Tunbridge Well

Customer Services Team Leader

Speciality Drinks Ltd
London

ViVAS Wine - Category Development Manager

ViVAS
Harlow and Stowmarket or Salisbury, UK

Fine Wine Logistics Coordinator

IG Wines
London, GB

Brand Ambassador East Coast USA - Ableforth’s

Maverick Drinks
New York - field-based, USA

Brand Ambassador West Coast USA - Ableforth’s

Maverick Drinks
San Francisco / Los Angeles - field-based, USA

Global Travel Retail Manager

Maverick Drinks
London, UK

Almaviva 2015 Vintage and Vertical Tasting

London,United Kingdom
28th Sep 2017

TFWA World Exhibition & Conference

Cannes,France
1st Oct 2017

Franciacorta London Festival

London,United Kingdom
2nd Oct 2017
Click to view more

Global Chardonnay Masters 2017

Deadline : 29th September 2017

The Global Riesling Masters 2017

Deadline : 29th September 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more