ABI Closes on Presidente

April 16, 2012ABI Closes on PresidenteDear Client:Back in 1929, U.S. industrialist Charles Wanzer and other business partners founded brewer CND and started brewing Presidente in 1935. Then the brewer was acquired in 1986 by cigarette company Grupo Leon Jimenes. Charlie had no idea when he started his breweryAnheuser-Busch InBev closed on purchasing a controlling stake in Cerveceria Nacional Dominicana SA, or CND, in two complex transactions for about $1.24 billion. AmBev will pay Leon Jimenes a billion for half of