Constellation Intends to Acquire Mexico Brewery From Grupo Modelo

Dear Client:Constellation is announcing its intent to buy a brewery operation in Obregon, Mexico, from Anheuser-Busch InBev SA/NV's Grupo Modelo for $600 million. It has submitted a proposal to the DOJ. The brewery, located in Obregon, Mexico, "is expected to have four million hectoliters of production capacity with minimal investment and optimization by Constellation after closing," per company statement. The brewery in question is in Mexico's West Coast in the state of Sonora, and will reportedly help service Constellation's largest