The world's largest brewer is getting even bigger. Anheuser-Busch InBev announced plans early on Friday to buy a remaining 50 percent of the Mexican brewing giant, Grupo Modelo, for $20 billion.
The purchase will give A-B InBev complete control of the company and access to Modelo’s popular Corona, Modelo, Negra Modelo and Pacifico brands.
Speaking in a conference call Modelo CEO Carlos Fernandez says the move is necessary step to export his brands around the globe.
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