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Anheuser-Busch InBev, Constellation Brands Announce Revised Agreement for Divestiture of Grupo Modelo's US Business

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Anheuser-Busch InBev (NYSE: BUD) and Constellation Brands (NYSE: STZ) today announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo's U.S. business. The transaction establishes Crown as a fully owned entity of Constellation, and provides Constellation with independent brewing operations, Modelo's full profit stream from all U.S. sales, and rights in perpetuity to the Grupo Modelo brands distributed by Crown in the U.S.

As part of AB InBev's acquisition of the 50% of Grupo Modelo it does not already own, AB InBev has agreed to sell Compania Cervecera de Coahuila, Grupo Modelo's state-of-the-art brewery in Piedras Negras, Mexico, and grant perpetual brand licenses to

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Posted-In: M&A News Guidance Contracts Asset Sales Management Global

 

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