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World's Biggest Brewer Acquires Another Company

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World's Biggest Brewer Acquires Another Company

Business

World's Biggest Brewer Acquires Another Company

World's Biggest Brewer Acquires Another Company

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Anheuser-Busch InBev has announced it is buying the rest of the Mexican brewer Modelo, which is known for Corona. It had already owned a non-controlling portion and is paying more than $20 billion for full control. Analysts say the buy will help InBev move into new markets.

RENEE MONTAGNE, HOST:

NPR's business news starts with a new owner for Modelo.

(SOUNDBITE OF MUSIC)

MONTAGNE: The world's biggest brewer, Anheuser-Busch InBev, announced today it's becoming bigger. The Belgian company says it's buying the rest of the Mexican brewer known for the beer, Corona. InBev had already owned a non-controlling stake and is paying more than $20 billion for full control. Analysts say the buy will help InBev move into new markets.

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