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Miller Pushing Modelo Toward A-B Inbev

Miller Pushing Modelo Toward A-B Inbev

more than a year, Anheuser-Busch InBev has endured an increasingly strained relationship with its Mexican partner, Corona brewer Grupo Modelo. But with rivals exploring opportunities to join forces south of the border, A-B and Modelo could be pressured to get closer than ever before. Femsa SAB, Mexico's second-largest brewer behind Modelo, is holding merger talks with several companies. Its beer operations are officially on the table, but analysts expect all of Femsa - which is also Mexico's largest Coca-Cola bottler and the owner of the Oxxo convenience store chain - could ultimately be sold as a single package. Initial estimates value the company at about $9 billion. [...more]

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Thursday, November 23, 11:19 am

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