It’s getting closer — Anheuser Busch InBev’s efforts to buy Mexico’s Grupo Modelo looks like it’s close to getting DOJ approval.
The St. Louis Post Dispatch that the two brewing giants have reached an agreement with US antitrust regulators to allow the 20 billion dollar purchase to go forward.
The Justice Department filed suit in February to block the move, saying the purchase would give the company too much pricing power and could hurt consumers.
Under the new proposal, another independent company would get the full rights to sell all Modelo products in the U-S. But Anheuser Busch would still be allowed to sell Corona in Mexico and around the world.