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.
- How to turn a domestic spirit into a global brand
- Mahou San Miguel - just the Facts
- Whatever happened to binge Britain? - comment
- A game of two halves for Remy Cointreau - Analysis
- Britvic's FY Performance by Region - Focus
- Beam Suntory to sell brandy & sherry to Emperador
- Former Diageo exec joins William Grant in LatAm
- Captain Morgan distillation trial queried by USVI
- This week in spirits & wine
- Sazerac sues Brown-Forman over Tennessee Fire
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Beer Market 2015-2019
- Global Wine Market to 2019 - Market Size, Development, and Forecasts