MEXICO: Anheuser-Busch InBev reveals plan for new Grupo Modelo CEO
A-B InBev is set to get its hands on Modelo by June
Ricardo Tadeu will replace Modelo's current CEO, Carlos Fernandez, and will also be appointed as president of A-B InBev's Mexico "zone", the brewer said last week. The country will be A-B InBev's seventh global zone.
The company said it will launch a tender offer in the "coming days" to acquire the Corona brewer's outstanding shares, at price of US$9.15 per share, while the deal remains on course to complete in June. Last week, a judge agreed to a pact reached between the US Department of Justice and A-B InBev over anti-trust concerns around the takeover.
A-B InBev also announced the merging of Modelo subsidiaries Diblo and glass manufacturer Dirección de Fábricas into their parent group ahead of its bid for the shares.
The Budweiser brewer's other six zones are: North America, Latin America North, Latin America South, Western Europe, Central and Eastern Europe, and Asia-Pacific.
- Whatever happened to binge Britain? - comment
- The dangers of squaring up to your competitor
- The US beer market - A level playing field for all
- Remy Cointreau's Q2 and H1 - preview
- Constellation and Ballast Point's "sticker shock"
- Sidney Frank CEO to head Clooney's import co
- Diageo Australia appoints commercial head
- Diageo sells off United Spirits' Bouvet Ladubay
- Irish whiskey brands could fail without bulk
- A-B InBev to "kick the tyres" at Coca-Cola
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Wine Market to 2019 - Market Size, Development, and Forecasts
- Global Wine Market: News and Events September 2015