News

MEXICO: Modelo picks out future Kaiser buyer

Most popular

Pernod is back in Kentucky, but why did it leave?

Anheuser-Busch InBev Performance Trends 2014-2018

Why brown spirits is behind low- & no-alc curve

The opportunity for no-alcohol in the on-premise

Which drinks companies will be hit by cool weather

MORE

Molson Coors will sell Cervejarias Kaiser to Heineken in the near future, according to the head of Grupo Modelo. Speaking to reporters yesterday (25 October), Carlos Fernandez, Modelo's chief executive and chairman said that he believes Molson Coors will offload its Brazilian subsidiary to Heineken.

The Dutch brewer currently distributes its beer in Brazil through Kaiser, and is seen as the brand's most likely buyer together with Mexican beverage conglomerate Fomento Economico Mexicano, or Femsa, which distributes its beer in the US through Heineken, and sells Coors Light in Mexico for Molson Coors.

"Kaiser already has a deal I think with Heineken and probably Femsa. There's something cooking," Fernandez said.

Molson Coors bought Kaiser in 2002 for US$765m but the unit has proved problematic for the recently-merged North American company.

"We try to analyse many of the companies in the beer industry that go up for sale, but not all," Modelo's Fernandez said. "In the case of Kaiser, I consider that there's a beer group, in particular Heineken, that participates in the (company's) capital and has preferential rights in any transaction," he said.

"I assume that Molson Coors is working with this particular company because they haven't invited anyone else to participate," he added.

When approached by Dow Jones, a spokesperson for Molson Coors said: "We have always said we are looking at the alternatives, and when we are ready to communicate our decision on those we will announce it." Regarding the possibility of a sale to Heineken, the spokesperson said the company "won't comment on speculation."

Heineken was not immediately available for comment when contacted by just-drinks.com.


Sectors: Beer & cider

Companies: Heineken, Molson Coors

Related Content

Volumes hit expected as OXXO ends Heineken exclusivity in Mexico - market data

Volumes hit expected as OXXO ends Heineken exclusivity in Mexico - market data...

The Beer Store hits out at proposal to rethink Ontario monopoly

The Beer Store hits out at proposal to rethink Ontario monopoly...

Anheuser-Busch InBev set for brewery, OXXO boost in Mexico - CEO Carlos Brito

Anheuser-Busch InBev set for brewery, OXXO boost in Mexico - CEO Carlos Brito...

Is diversification the future for beer? - Comment

Is diversification the future for beer? - Comment...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?