GRUPO MODELO’S DONE DEAL
It wasn’t easy but Anheuser-Busch InBev has completed its $2O.1 billion purchase of Mexican brewer Grupo Modelo. The world’s largest brewer has been trying for almost a year to buy the half of Modelo that it did not already own. The Department of Justice initially blocked the deal, concerned that it would hurt US beer shoppers’ choices, but signed off on the combination after AB InBev agreed to sell Modelo’s entire US business to Constellation Brands Inc. Constellation will sell Modelo brands including Corona in the US, effectively replacing Modelo as a competitor to AB InBev. The combined company will also sell Corona and other Modelo brands outside the US.