Anheuser-Busch InBev

AB InBev rules out plans to buy Czech brewer Budejovicky Budvar, rival over Budweiser brand

The Canadian PressMay 16, 2013 20:00

PRAGUE - Brewing giant Anheuser-Busch InBev says it no longer has plans to acquire Czech brewer Budejovicky Budvar, with whom it has been fighting a long legal battle over the use of the "Budweiser" brand. Frank Hellwig, legal director for AB InBev, says "we don't have any plans, or intention, or desire to buy Budvar" as a way of solving the dispute. Hellwig said Thursday that such an acquisition, which it had considered in the past, doesn't make commercial sense since AB InBev is doing well registering its Budweiser brand in new countries despite the dispute.

Constellation Brands sees no change in beer pricing plan

Thomson ReutersMay 7, 2013 12:55

By Martinne Geller NEW YORK (Reuters) - Constellation Brands Inc <STZ.N> has not yet decided whether to raise prices on beers like Corona Extra and Modelo Especial later this year, but its chief financial officer said the pricing strategy should be no different than before despite the change in ownership. "We'll see what happens with market share and commodity costs and all that kind of stuff. But we don't really see a big change in the beer-pricing strategy from history," CFO Robert Ryder told Reuters on Friday.

Anheuser-Busch InBev launches offer for 50 pct stake in Modelo

Agencia EFEMay 2, 2013 17:15

Mexico City, May 2 (EFE).- Anheuser-Busch InBev has launched a tender offer for the 50 percent stake it does not already own in Mexican brewer Grupo Modelo. In a filing with the Mexican stock exchange, Grupo Modelo said a wholly owned subsidiary of AB InBev offered to pay $20.1 billion, or $9.15 per share. The previously announced tender offer will expire on May 31 unless it is extended and "is not subject to any minimum tender condition or any financing condition," the filing said.

Beer giant AB Inbev reports rise in profit, decline in volume in first quarter

The Canadian PressApril 30, 2013 05:47

BRUSSELS - Anheuser-Busch InBev NV, the world's largest brewer, says that its profits rose in the first quarter in spite of falling sale volumes in important markets. The company behind Budweiser, Stella Artois, and Becks said Tuesday that even though revenues grew by 1.5 per cent in the first quarter, volumes declined by 4.1 per cent. Beer volumes in Brazil, one of its key markets, had declined by 8.2 per cent while there was a fall of 5 per cent in North America.

Beer-maker AB InBev posts quarterly sales fall

Agence France-PresseApril 30, 2013 05:01

The world's leading brewer, AB InBev, said Tuesday its first quarter net profit rose but sales disappointed after a weak performance in the US and Brazil. The company, famous for its Budweiser brand, said net profit rose 22.7 percent in the January to March period to $2.05 billion from $1.67 billion a year before. But first quarter sales fell 1.75 percent to $9.17 billion, weaker than the $9.64 billion forecast by analysts surveyed by Dow Jones Newswires. Sales in North America, a major market, fell by 5 percent, the company said.

US to allow AB Inbev-Modelo merger

Agence France-PresseApril 19, 2013 14:32

The US Department of Justice said Friday it had approved the $20.1 billion merger between Anheuser-Busch InBev and Grupo Modelo following a settlement that resolves antitrust concerns. Under the proposed settlement, the companies must divest Modelo's entire US business, including the licenses of Corona beer and other beer products, to Constellation Brands. The settlement aims to enable Constellation to be an "independent, fully integrated and economically viable competitor to AB InBev," said Assistant Attorney General Bill Baer, head of the department's antitrust division.

U.S., beer giant InBev settle dispute over Modelo buy

Thomson ReutersApril 19, 2013 12:45

By Diane Bartz WASHINGTON (Reuters) - The U.S. Justice Department and Anheuser-Busch InBev <ABI.BR> have agreed to conditions that will allow the beer giant to expand its stake in Mexico's Grupo Modelo <GMODELOC.MX>, according to court documents and company statements on Friday. The department had filed a lawsuit on January 31 aimed at stopping AB InBev, the world's largest brewer with some 200 brands, from buying the 50 percent of Modelo it does not already own for $20.1 billion (13.2 billion pounds).

Justice Department to allow AB Inbev-Modelo merger

Agence France-PresseApril 19, 2013 12:01

The Department of Justice Friday said it had approved the merger between Anheuser-Busch InBev and Grupo Modelo following a settlement that resolves anti-competitiveness concerns. Under the proposed settlement, the companies must divest Modelo's entire US business, including the licenses of Corona beer and other beer products, to Constellation Brands.

Justice Department to allow AB Inbev-Modelo merger

Agence France-PresseApril 19, 2013 11:46

AB InBev says Modelo deal largely in line with its revisions

Thomson ReutersApril 19, 2013 11:30

BRUSSELS (Reuters) - Anheuser-Busch InBev <ABI.BR> said on Friday the full takeover of Mexico's Grupo Modelo <GMODELOC.MX> it agreed with the U.S. Justice Department was broadly in line with the revised terms it set out on February 14. The world's largest beermaker said in a statement the deal included additional binding commitments designed to ensure prompt divestiture of assets to Constellation <STZ.N>, the build-out of the Piedras Negras brewery by Constellation and U.S. distribution guarantees for Constellation.