AB InBev Seals $20 Billion Modelo Purchase to Gain Corona
In a $20.1 billion cash deal, Anheuser-Busch InBev will take full control of Mexico-based Grupo Modelo, which makes Corona Extra. At the same time Grupo Modelo announced it would sell its 50% stake in Crown Imports, the U.S. importer of Corona, to Constellation Brands, Crown's other owner, for $1.85 billion. That means Crown will continue to control marketing, distribution and pricing decisions stateside for Corona, as well as the other Modelo beers in its stable including Corona Light, Modelo Especial, Pacifico, Negra Modelo and Victoria.
