Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Anheuser-Busch InBev, DOJ and other beer makers reach deal on Modelo acquisition

Anheuser-Busch InBev has reached a final agreement with the U.S. Department of Justice settling a dispute over its proposed $20.1 billion acquisition of Grupo Modelo.

The world’s largest brewer has been trying since June to buy the half of Grupo Modelo that it doesn’t already own. The Justice Department blocked the deal out of concern that a combined company that massive would stifle competition in the U.S.

The agreement requires the sale of Modelo’s entire U.S. business to Constellation Brands Inc. to move forward.

Anheuser-Busch said Friday that the deal includes additional commitments to divest those assets promptly.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles