Anheuser-Busch, DOJ reach agreement over Grupo Modelo acquisition

$4.75 billion asset sale will be among the largest ever required by antitrust enforcers

On Friday, the Department of Justice (DOJ) announced that it had reached an agreement with Anheuser-Busch InBev over the company’s acquisition of Mexico-based Grupo Modelo.

In January, the DOJ filed an antitrust suit against Anheuser-Busch, saying its plan to acquire Grupo Modelo, the maker of Corona, for $20.1 billion would hurt competition and lead to increased beer prices for consumers. Anheuser-Busch has submitted a revised proposal in which it said Modelo would sell control of all its brands in the U.S., a Mexico-based brewery and 50 percent ownership in Crown Imports to a rival company, Constellation Brands Inc. A district court must still approve the proposed settlement.

Ashley Post

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