Anheuser-Busch InBev NV, the world’s biggest brewer, agreed to buy the remainder of Mexico’s Grupo Modelo SAB for $20.1 billion in cash, gaining full control of the Corona maker to increase its presence in emerging markets.
AB InBev will pay $9.15 a share, the Leuven, Belgium-based company said today, about 30 percent more than the price of Modelo shares before talks were first disclosed on June 25. In a related deal, Constellation Brands Inc. will buy Modelo’s stake in their U.S. distribution joint venture for $1.85 billion.
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