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Anheuser-Busch Buys Corona Beer Maker, Grupo Modelo for $20.1 Billion
Anheuser-Busch InBev, who already owned 50 percent stake in the Mexican brewer Grupo Modelo, has now bought out the remaining stake for $20.1 billion.
Unlike InBev’s takeover of Anheuser-Busch, this buy will let Group Modelo maintain independence. Grupo Modelo’s headquarters will remain in Mexico City and will keep their local board of directors. The company was founded in 1925 and currently...