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Done Deal: AB InBev and Grupo Modelo

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ST. LOUIS (KMOX) - It’s a done deal; Anheuser-Busch InBev has gobbled-up another major beer company.

The brewer bought half of the Mexican brewer Grupo Modelo it does not already own for $20 billion. The deal creates a company with combined annual revenue of $47 billion with operations in 24 countries and 150,000 employees.

carlos brito Done Deal: AB InBev and Grupo Modelo

Carlos Brito, chief executive of Anheuser-Busch InBev.

“There is tremendous opportunity from combining two leading brand portfolios and further expanding Grupo Modelo’s brands worldwide,” said Carlos Brito, chief executive of Anheuser-Busch InBev.

The Grupo Modelo deal is the Anheuser-Busch InBev’s second-biggest takeover, trailing only the 2008 transformational acquisition of Anheuser-Busch for $52 billion.

It also represents one of the largest transactions announced so far this year at a time when takeover activity has slowed, as concern about the global economy has sapped corporate confidence.

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