Beverages - Brewers
PIVOVARNA LASKO dd to Sell Stake in Mercator dd to Akrokor dd
PIVOVARNA LASKO dd announced that it will sell 317,498 shares of Mercator dd to Agrokor dd, representing a 8.43% stake for the price of EUR 120 per share. Further details were not disclosed.
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.
Anheuser Busch Inbev SA Completes Combination with Grupo Modelo SAB de CV And Announces Settlement Of Tender Offer
Anheuser Busch Inbev SA (AB InBev) and Grupo Modelo SAB de CV (Grupo Modelo) announced that AB InBev has completed its combination with Grupo Modelo in a transaction valued at USD 20.1 billion. The combination is a natural next step given the long-term partnership between AB InBev and Grupo Modelo, which started more than 20 years ago. The combined company will benefit from the growth potential that Modelo brands such as Corona have globally outside of the United States, as well as locally in Mexico, where there will also be opportunities to introduce AB InBev brands through Modelo’s distribution network. The combined company will lead the global beer industry with roughly 400 million hectoliters of beer volume annually. The combination is also expected to generate approximately USD 1 billion in cost synergies. In connection with the completion of the combination, AB InBev announced the settlement of the all-cash tender offer for the remaining shares of Grupo Modelo that it did not already own for USD 9.15 per share. As of May 31, 2013, approximately 89% of Grupo Modelo’s outstanding Series C common shares were tendered and acquired in the tender offer by a subsidiary of AB InBev. AB InBev now owns approximately 95% of Grupo Modelo’s outstanding common shares.
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Analyst Research
| Report Title | Price |
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Provider: Bohai Securities Co.,Ltd.
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$115.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: Pechala's Reports
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$10.00
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