Related
Rich, rich and richer 
Cameron invites over-taxed French bosses to Blighty Anheuser-Busch InBev, the world’s biggest brewer, is to buy the half of Mexico’s Grupo Modelo it does not already own.
The price is almost 16 billion euros, all in cash.
Modelo, whose best known beer is Corona, is Mexico’s biggest brewer with more than half the market.
Corona is the biggest imported beer in the lucrative US market.
This is latest in a string of deals by big brewers looking for growth in emerging markets.
AB InBev is attracted to Modelo by a Mexican beer market that is growing at about three percent per year and cost savings that the company said would be at least 470 million euros a year.
More about: Alcohol, Business, MexicoCopyright © 2013 euronews
JavaScript is required in order to view this article’s accompanying video
Top Stories
At least 91 dead after tornado tears through Oklahoma
A tornado gusting at an estimated 320 kilometres per hour has cut a swathe through the US city of Oklahoma and surrounding state, leaving at least 91 dead and scores injured and missing. Rescue teams have been…
Protesters greet Sein in US
Protesters gathered as the president of Myanmar arrived at the White House. Rights groups and some…
Paris drizzles as Moscow sizzles in Europe’s warped…
Spring in the Pyrenees "arrives early and quickly feels like the summer", according to one tourist…
Corporate news
Yahoo buys Tumblr- Record Profits for Ryanair
- Dell’s profit dives as takeover battle rages
- Google denies misleading over tax
- Airbus profits rise, ‘confident’ on A350
- H&M backs clothing factory safety plan
- Virus fears hit airline shares
- Anglo American shares hit by new job cuts plan
- ArcelorMittal confident for 2013 earnings
- Sony returns to profit
