Arab Today, arab today beer giant inbev grabs corona maker for 201 bn euros
Last Updated : GMT 21:56:09
Arab Today, arab today
Arab Today, arab today

Beer giant InBev grabs Corona maker for 20.1 bn euros

Arab Today, arab today

Arab Today, arab today Beer giant InBev grabs Corona maker for 20.1 bn euros

Brussels - UPI

Beer giant AB InBev announced on Friday a deal to take full control of Mexican brewer Grupo Modelo, the maker of Corona, for $20.1 billion, expanding an empire already spanning Budweiser. Anheuser-Busch InBev said it would buy the half of Modelo it does not yet already own, while keeping the Mexican company\'s name and its headquarters in Mexico. \"Grupo Modelo has been one of our most important partners for more than 20 years and we are very pleased to evolve our long and successful relationship into this combination,\" said InBev chief executive Carlos Brito. The deal will create a behemoth spanning 24 countries which produces around 400 million hectoliters of beer volume per year, with estimated revenues of $47 billion. The deal will be done on the basis of $9.15 per share, representing a premium of 30.0 percent on the price on June 22 before the first rumours of the transaction. InBev, a Belgian-US group that also owns Beck\'s and Stella Artois, said it expected the operation to generate savings of more than $600 million per year. It said it would cover part of the cost by selling to US group Constellation Brands half of the capital in the US importer of Corona for $1.85 billion. Constellation Brands already owns half of the importing firm, Crown Imports. AB InBev was created in 2008 in a deal worth $52 billion which brought together the Belgian-Brazilian company InBev with US company Anheuser-Busch. The takeover of Modelo gives InBev another foothold in emerging nations to offset a drop in beer consumption in developed nations. The deal also gives the Belgium-based company full control of the popular Corona brand, a beer often consumed with a slice of lime. \"Together we will be the leading global brewer with top brands around the world and positions in some of the fastest growing countries,\" said Modelo chief executive Carlos Fernandez. \"This is an exciting transaction that will bring our brands and proud heritage to even more consumers internationally while offering an increasing number of AB InBev\'s brands in Mexico.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today beer giant inbev grabs corona maker for 201 bn euros Arab Today, arab today beer giant inbev grabs corona maker for 201 bn euros

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today beer giant inbev grabs corona maker for 201 bn euros Arab Today, arab today beer giant inbev grabs corona maker for 201 bn euros

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday