Regulator Challenges Modelo Sale

Regulator Challenges Modelo Sale

Mexico M&A US

The US Department of Justice has filed suit to block the $20bn acquisition of 50% of Mexican brewer Grupo Modelo agreed last year, buyer AB Inbev says. The challenge to the deal – LatAm’s biggest announced M&A transaction in 2012 – is mainly based on AB Inbev’s ability to charge consumers more if it controls both the Corona and Budweiser brands, two of the most popular in the US market. At the very least, it is a setback to the parties’ original plans to close the deal by the end of March. After

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