US sues to block $20 bn AB InBev takeover of Modelo
- Published: 1 Feb 2013 at 00.44
- Online news: World
US antitrust authorities sued Thursday to block the $20.1 billion takeover of Mexican brewer Grupo Modelo by Belgian-US giant Anheuser-Busch InBev, saying the combined firm would have too much power over the US beer market.
Visitors look over a display case of beers made by the Anheuser-Busch Cos. July 14, 2008 in St. Louis, Missouri. US antitrust authorities filed suit to block the $20.1 billion takeover of Mexican brewer Grupo Modelo by US giant Anheuser-Busch InBev.
The move put on hold the takeover announced last June that would bring together brands like Budweiser, Stella Artois and Corona in the world's largest beer company, and give it a 46 percent hold on the US market and a bigger lock on Mexico's.
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