Corona

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2:55 pm
Fri April 19, 2013

Dept. Of Justice Signs Off On Anheuser-Busch InBev Purchase Of Grupo Modelo

Anheuser-Busch InBev will now be able to market Corona abroad
Credit Anheuser-Busch InBev

The Department of Justice announced on Friday that it has reached an official settlement with Anheuser-Busch InBev and Grupo Modelo.  The deal will allow AB InBev to proceed with its $20 billion purchase of the Mexican brewer.

AB InBev, has been trying to complete a buyout of Modelo, maker of the popular Corona brand, since last June.

The Department of Justice sued to block the purchase out of concerns the deal would put too much price control in the hands of two companies, AB InBev and MillerCoors. 

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