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US: AB InBev divestment deal is near-record

By  |  April 23, 2013
US: AB InBev divestment deal is near-record

The recent settlement Anheuser-Busch InBev SA has reached with the US Department of Justice over its acquisition of Grupo Modelo includes one of the largest divestures in US history, according to reports. Under terms of the agreement, AB InBev has accepted the DOJ’s request for the company to sell the entirety of Modelo’s enterprise within the US, as well as the Modelo brands; additionally, AB InBev will sell a brewery in Mexico as well as half of its ownership of Crown Imports, the distributor of Modelo brands within the US. According to government officials, the divestment is one of the largest ever required for an acquisition by US authorities. The agreement was announced last Friday by the DOJ, after the regulator sued AB InBev over the acquisition. According to reports, only one divestiture was larger than this one: oil giant ARCO made a $6.9 billion sale before acquired by BP Plc in 2000.

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    Full Content: Thomson Reuters

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