Anheuser-Busch InBev NV is close to taking control of Corona Extra beer maker Grupo Modelo SAB de CV, according to people familiar with the matter, in a deal that could be valued at more than $12 billion and would end a contentious history between the two companies. It would also consolidate the Belgian brewer’s ownership of Corona Extra, one of the world’s top beer brands.
A-B InBev issued a statement on this Grupo Modelo speculation:
Anheuser-Busch InBev notes the recent speculation regarding a possible combination between AB InBev and Grupo Modelo. AB InBev routinely considers a variety of strategic options to create value for its shareholders. There have been discussions between the company and Grupo Modelo regarding a possible transaction to expand its current relationship. These discussions may or may not lead to a transaction and any speculation on terms and conditions is therefore premature. There is a long history of partnership between Anheuser-Busch InBev and Grupo Modelo and AB InBev has great admiration for the Modelo business and its brands.
The company already owns half of Modelo so this acquisition would give A-B InBev 100% ownership.