Anheuser-Busch InBev (AB InBev) has agreed to buy the balance of shares in Grupo Modelo for $20bn, with the transformational deal set to see Corona join Budweiser as a global flagship brand.
The Advertising Standards Authority (ASA) in the UK has ordered brewer AB InBev not to rebroadcast a radio advert that it said linked alcohol to sexual success, following a public complaint.
Higher prices have helped AB InBev post a 5.6 per cent increase in quarterly revenue despite bad weather in Brazil and persistent unemployment in the US.
Workers at Anheuser-Busch InBev are into the twelfth day of a blockade of factory gates in Belgium that is running stocks dry at supermarkets and bars.
