Anheuser-Busch InBev, the world’s largest brewer, will acquire Mexico’s biggest beer company, Grupo Modelo, in a deal valued at $20.1 billion. It’s the second biggest beer deal since the Belgium-based InBev acquired Anheuser-Busch for $52 billion back in 2008.
AB InBev already owns a 50 percent noncontrolling stake in Modelo, whose portfolio includes the best-selling import beer in the U.S., Corona Extra. Modelo will sell its 50 percent stake in Crown Imports for $1.85 Billion. Crown Imports is a joint venture with Constellation brands who imports Modelo brands into the U.S.
This deal is expected to close in the first quarter of 2013.
See links below for press releases and additional coverage on the deal.
Video: AB InBev CEO, Carlos Brito, & Grupo Modelo CEO, Carlos Fernández, discuss the merger.
Beer Business Daily interviews Carlos Brito.
Wall Street Journal: AB InBev, Modelo in $20.1 Billion Deal