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.
Stay informed for just £1! *
Subscribe to Just Drinks for unbiased coverage of the global drinks industry, offering insights into the corporate strategies of beverage manufacturers and brands worldwide.
What’s included in your subscription:
- Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
- Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot beverages
- Unrivalled drinks industry comment from leading sector specialists
Ready to stay informed? Subscribe now and gain access to exclusive content.
Have a subscription? Sign in
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFor further details on subscribing, click here. Need multi-user access? Explore our corporate subscriptions now.
*After your 1-month trial, your subscription will continue at £315 per year.
