Key Developments: Anheuser-Busch Inbev SA (ABI.BR)
Latest Key Developments (Source: Significant Developments)
Anheuser-Busch InBev SA announced that its Board of Directors has approved an interim dividend of EUR 0.60 per share for the fiscal year 2013. The shares will trade ex-coupon as of November 13, 2013 and dividends will be payable as from November 18, 2013. The record date will be November 15, 2013. Full Article
Grupo Modelo SAB de CV Completes Sale of Its US Business To Constellation Brands, Inc; Establishes Transition Services Agreement With Anheuser Busch Inbev SA And Constellation Brands, Inc
Grupo Modelo SAB de CV (Grupo Modelo) announced that it on June 7, 2013 it completed the sale of Grupo Modelo’s United States business to Constellation Brands, Inc (Constellation). The transaction includes the sale of Grupo Modelo’s Piedras Negras brewery, Grupo Modelo’s 50% stake in Crown Imports and perpetual rights to Grupo Modelo’s brands distributed by Crown in the United States. Constellation will now be an independent brewer and marketer of beer in the United States. Grupo Modelo, Anheuser Busch Inbev SA (AB InBev) and Constellation have established a three-year transition services agreement to ensure the smooth transition of the operation of the Piedras Negras brewery. During this timeframe, Constellation has committed to invest approximately USD 500million-USD 600 million to expand the Piedras Negras facility, which will ultimately enable it to supply 100% of Crown’s needs for the United States marketplace. This transaction is related to the combination of AB InBev and Grupo Modelo, which was completed on June 4, 2013. Full Article
LONDON, May 21 - The consumer goods world has long been dominated by marketing whiz kids raised through the ranks of Procter & Gamble or PepsiCo, but the executives now in demand come from a new school that values cost-cutting and mergers over marketing.