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.
Full Content: Thomson Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI