AB InBev Close to Modelo Solution

AB InBev Close to Modelo Solution

Mexico M&A

Anheuser-Busch InBev (AB InBev) says it has reached "an agreement in principle" with the US Department of Justice to resolve the lawsuit seeking to block the purchase of Grupo Modelo, it says. It has asked to have until April 23 to finalize the details. The agreement is substantially in line with the plan in announced last month to sell a Mexican brewery and control of the Corona brand in the US to Constellation Brands for $2.9bn. The government filed the lawsuit on concern that the combination

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