Tagged: Modelo

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.