Anheuser-Busch InBev NV may spend about $20 billion buying the half of Grupo Modelo SAB it doesn’t already own, according to a person with knowledge of the matter.
Mexican brewer Grupo Modelo SAB said its shareholders agreed to forgo an annual dividend payment because of the “current world economic context.”
Grupo Modelo SAB, Mexico’s largest brewer, confirmed it is in strategic talks with Anheuser-Busch InBev NV to expand its current relationship.
Anheuser-Busch InBev NV and U.S. regulators are proceeding with talks to allow the company to acquire Grupo Modelo SAB even after the government filed a lawsuit to stop it, said people familiar with the matter.
Grupo Modelo SAB, Mexico’s largest beermaker, said fourth-quarter net income rose 18 percent as higher prices made up for a decline in domestic and export shipments.
Grupo Modelo SAB, the Mexican brewer of Corona beer, is gaining share in the U.S. import market aided by its Victoria brand, which cracked the top 20 of foreign beers in its first year.
"These talks might or might not lead to a consummation of a transaction and any speculation on the terms and conditions is premature."
- Grupo Modelo on Jun 25, 2012