ABI To Sell Piedras Negras

Dear Client:ABI and Constellation Brands late last night announced a revised agreement where ABI has agreed to sell the giant Piedras Negras brewery and grant perpetual brand licenses to Constellation for $2.9 billion, (9 X EBIDTA). "The sale of the brewery, which is located near the Texas border, would ensure independence of supply for Crown and provides Constellation with complete control of the production of the Modelo brands for marketing and distribution in the U.S." The two parties have agreed