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SABMiller had talks to buy brewer Modelo
25.06.08
SABMiller, the London-based brewer, has held talks about buying Mexican beer giant Modelo according to a report from the US.
Modelo, which brews Corona, is 50% owned by Budweiser maker Anheuser-Busch.
Anheuser is the subject of a £23 billion takeover bid from InBev, the company behind Stella Artois.
Anheuser may itself try to buy out the rest of Modelo, a deal that would cost it £5 billion say analysts. That would force InBev to up the price it is offering for Anheuser.
Sources close to SABMiller said talks were no longer active.
