Talks between U.S. DOJ and companies in InBev-Modelo deal reportedly going “smoothly”
The sale of the plant to Constellation by Modelo is the key element of AB InBev’s revised proposal to resolve a U.S. lawsuit seeking to block its $20.1 billion purchase of the Mexico City- based brewer. Under the plan, Constellation would pay $2.9 billion for the production assets and perpetual rights to Modelo brands in the U.S., where its Corona is the largest-selling imported beer. An independent beer supply that can meet U.S. demand is critical to resolving regulators’ antitrust concerns, said the people, who asked not to be named because the matter is confidential.
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Breweries: Constellation Brands, Grupo Modelo
