The world’s largest brewer is working to make itself bigger.
Belgium-based Anheuser-Busch InBevand Mexico-based Grupo Modelo have confirmed they are in talks to sell the remainder of Modelo to Anheuser-Busch InBev, which already owns a non-controlling 50-percent stake in Modelo. Both sides say although discussions are taking place, a deal — with an expected price tag of $12 billion — is not certain.
Anheuser-Busch InBev gained its original stake in Modelo when InBev bought Anheuser-Busch in 2008 for $52 billion. Modelo, the maker of the Corona and Modelo brands among others, is the No. 1 brewer in Mexico with 57-percent market share.