Modelo Sells High
Anheuser-Busch InBev has agreed to buy the remaining 50% of Mexico’s Grupo Modelo, it says, for a $20.1bn price at the high end of market expectations. With the high valuation comes tremendous growth potential in Mexico, and AB InBev clinches one of the last few large beer assets left in the region. In the deal, AB InBev will pay $9.15 per share, about 30% more than the price of Modelo shares before talks were first disclosed June 25. In a related deal, US distributor Constellation Brands...
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