Cuauhtemoc Shock

Dear Client:As reported yesterday, Femsa has confirmed that it is in preliminary talks sell its beer business, Femsa Cerveza. The top contentenders are SABMiller or Heineken, says the Journal. So the question is: Which one gets it?From a financial perspective, it appears SABMiller has the upper hand as it has the stronger balance sheet of the two. The WSJ pegs CCM's price tag at $9 billion, with CCM making about $700 million a year in EBITDA. SABMiller's balance sheet is