Posted on June 20, 2008 at 2:47 PM
Filed under: Acquisitions | Joint Ventures and Alliances
Tagged: Anheuser-Busch , Crown Beers , Modelo

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Anheuser-Busch Cos. is acquiring the remaining 50% stake of the Crown Beers India Ltd. joint venture from partner Crown International as part of its expansion into emerging markets.

Terms of the deal were not disclosed. Crown International and Anheuser-Busch formed the Crown Beers India venture last year to distribute Budweiser and Armstrong, a beer developed specifically for India, throughout southern and western India.

Anheuser-Busch has a strong position in China's beer market and recently signed a distribution deal in Vietnam.

Anheuser-Busch board is supposed to meet Friday to discuss a proposed $46.3 billion merger with InBev SA. Meanwhile, Carlos Fernandez, CEO of Grupo Modelo SAB de CV, has resigned from Anheuser-Busch's board of directors, according to Reuters. That could foreshadow a buyback of the 50.2% stake Anheuser-Busch owns in Modelo if the InBev deal succeeds. 

If InBev and Anheuser-Busch do merge, it could prompt consolidation of breweries throughout the world. - Maria Woehr




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