Grupo Modelo and Constellation Brands have been given the go-ahead for their US beer distribution joint venture.

The US Federal Trade Commission told the two companies late last week that the companies have been cleared to progress with the joint venture, subject to regulatory and licensing clearance.

Modelo and Constellation have called the business Crown Imports - the joint venture will be charged with importing and distributing Modelo's portfolio, including the Corona beer brand, across the US.

The company will begin operations on 2 January next year, the companies said.