Agreement Reached to Allow A-B InBev Purchase of Grupo Modelo
ST. LOUIS (KMOX) – It’s looking more like Anheuser Busch InBev’s efforts to buy the third biggest brewer in North America will pay off.
The St. Louis Post Dispatch reports the world’s largest brewer has announced it has reached an agreement with U-S antitrust regulators to allow the 20 billion dollar purchase of Mexico’s Grupo Modelo to go forward.
The Justice Department filed suit in February to block the move, saying the purchase would give the company too much pricing power and could hurt consumers.
Under the new proposal, another independent company would get the full rights to sell all Modelo products in the U-S. But Anheuser Busch would still be allowed to sell Corona in Mexico and around the world.