Anheuser-Busch InBev has refused to comment on its intentions regarding Grupo Modelo, after the Mexican brewer’s CEO said that the firm would resist outside takeover offers.
Modelo CEO Carlos Fernandez said yesterday (4 October) that the Corona beer brewer’s ruling families had “no desire to sell”. He was quoted in Mexican daily newspaper Milenio.
His comments reignited long-running speculation about whether Anheuser-Busch InBev will seek to gain full control of Modelo. A-B InBev recently won an arbitration case to claim a 50% non-controlling stake in Modelo, which is Mexico’s largest brewer.
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