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Cervecería Modelo changed its name to Grupo Modelo in 1991. In 1993, Anheuser-Busch acquired a minority stake in Grupo Modelo, purchasing around 17.7% of the company for $447 million. This marked the beginning of a close relationship between the two brewing giants, though Modelo retained its independence and continued to operate autonomously. Over the following years, Anheuser-Busch gradually increased its non-controlling stake in Modelo to 50%. In 1994, the company went public, listing 13% of its shares on the Mexican Stock Exchange.


influx and expansion opportunities. In 2012, Anheuser-Busch InBev, which had gambling data indonesia phone number formed in 2008 following the merger of Anheuser-Busch and InBev, announced its intention to acquire the remaining shares of Grupo Modelo for $20.1 billion. This acquisition would make Grupo Modelo a wholly-owned subsidiary of AB InBev, giving the global beverage giant control over Modelo’s iconic brands. Due to antitrust concerns in the United States, AB InBev was required to divest some of Modelo’s U.


S. operations, including its rights to sell Corona and other brands in the U.S. In 2013, Constellation Brands completed its acquisition of Grupo Modelo’s U.S. beer business from AB InBev for about $4.8 billion. This means Grupo Modelo beer brands such as Modelo, Corona, and Pacifico, would then be owned by Constellation Brands in the U.S. However, AB InBev retained control of Modelo’s operations outside the U.S. Today, Grupo Modelo remains a key part of AB InBev’s global beer empire, with its brands continuing to perform strongly in the Mexican and international markets.