Mexico: European beer brewers compete for Mexican market

According to El Economista.com, the Belgian brewer Anheuser-Busch InBev (AB InBev) acquired Grupo Modelo for $20,100 million further displacing Mexican companies in the beer market which had already suffered when the Dutch company Heineken bought FEMSA Cerveza in 2010. With sales of over $46,000 million, AB InBev now represents 56% of beer sales in Mexico, a leader in beer exports with presence in 180 countries and annual sales close to 7,330 million dollars. AB InBev claims the beer market in Mexico is the fourth most profitable. Read Article