Anheuser-Busch and the Controlling Shareholders of Grupo Modelo Announce Closing of Additional Purchase.ST. LOUIS/MEXICO CITY--(BUSINESS WIRE)--Sept. 15, 1998-- Anheuser-Busch Companies (NYSE NYSE See: New York Stock Exchange :BUD), Inc. and the controlling shareholders of Grupo Modelo Grupo Modelo is a large brewery in Mexico. It maintains a large part of the Mexican beer export market and produces top-selling imported beer in the United Kingdom, United States and Canada. S.A. de C.V. jointly announced the closing of the purchase by Anheuser-Busch of an additional 13.25 percent ownership in Grupo Modelo's operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Diblo S.A. de C.V. The purchase was completed yesterday under terms detailed in the press release issued by the two parties on September September: see month. 10, 1998. CONTACT: Anheuser-Busch Carlos Ramirez, 314/577-9629 or Grupo Modelo Emilio Fullaondo, 525/281-0114 |
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