Alert: Court Rules in Favor of FEMSA

The Second Circuit Court ruled in favor of FEMSA in their complaint against Interbrew, keeping Beck's out of the Labatt USA portfolio. You'll recall that FEMSA formed a strategic alliance with Interbrew in 1994 creating Labatt USA. Interbrew owns 30% of FEMSA, yet FEMSA has a lawsuit pending in US circuit court to keep Beck's out of the LUSA portfolio (see BBD 06-02-03).WHAT IT MEANS. It means nothing, at least in the short term. Beck's will remain as a separate