Mexican Press Sources Report InBev to Increase Stake in Grupo Modelo

Mexican press sources reported that global beer giant Anheuser-Busch InBev NV (NYSE:BUD), the world's largest beer producer, will seek to increase its stake in Grupo Modelo S.A. (BMV:GMODELOA), Mexico's largest beer company, after rival beer giant Heineken NV (AMS:HEIA) acquired FEMSA Cerveza, Mexico's second largest beer company, a subisdiary of Fomento Economico Mexicano S.A. (BMV:FEMSAB).

Grupo Modelo CEO Says Mexico Needs to Focus on Long-term Development

Carlos Fernandez, Chairman and CEO of Grupo Modelo S.A. (BMV:GMODELOA), the world's sixth largest beer company, producer of the popular Corona brand, told Mexican press sources that to better compete with countries like China, Mexico needs a long-term "concrete action plan" that would "allow for development and a higher quality of life."