Also helped by consumption is the Mexican brewer Grupo Modelo, whose domestic market share is growing.
Anheuser-Busch InBev and Grupo Modelo filed a memorandum in support of Constellation and Crown being represented in the case.
Grupo Modelo, the last major independent Mexican beer producer, has been acquired by Anheuser-Busch InBev NV, continuing a trend of industry consolidation.
FORBES: Anheuser-Busch InBev Buys Corona-Producer, the Last Major Family Owned Brewery in Mexico
Under previous terms of the complicated deal, Mexican brewer Grupo Modelo would have sold its half of Crown Imports to Victor, N.
American Depositary Shares of Grupo Modelo (27, GPMCY) trade over the counter.
Seven people died in a workplace accident at a Mexico City brewery owned by Grupo Modelo, the producer of the Corona line of beers.
FORBES: Fatal Accident Occurs at a Grupo Modelo Brewery in Mexico City
Anheuser-Busch has a 50% stake in top Mexican brewer Grupo Modelo and an agreement to eventually acquire 27% of Tsingtao, the largest brewer in China.
That's one reason David Riedel of Riedel Research is recommending shares of Mexico's Grupo Modelo, brewer of Corona beer and distributor of Anheuser-Busch, Tsingtao and Carlsberg in Mexico.
Grupo Modelo, which has won the title of top-selling imported beer in the U.S. for the past 16 years, currently derives almost a third of its revenues from exports.
FORBES: Fatal Accident Occurs at a Grupo Modelo Brewery in Mexico City
After having fallen bellow the 1 billion benchmark a few years ago, Maria Asuncion Aramburuzabala ( Grupo Modelo) and Alfredo Harp Helu (Banamex) are back in the rankings.
FORBES: Mexican Billionaires Have Strong Year, With 18.4% Increase In Wealth
She won't detail other holdings either, but she is reported to control a 1% stake in banking giant Banamex, in addition to the 10% of Grupo Modelo she is still believed to own.
Fundamentally speaking, the aforementioned technical milestone was achieved about a week after Anheuser-Busch InBev NV (ADR) (NYSE:BUD) which is in the midst of acquiring Grupo Modelo offered to sell billions in Modelo assets to STZ.
FORBES: Constellation Brands Doubles Since June, Still Beer In The Bottle
The way the Justice Department tells it, Grupo Modelo acts as a check on price increases by ABI, which usually come in concert with higher prices from the other heavyweight in the U.S. beer industry, MillerCoors (a joint venture between Molson Coors and SABMiller).
FORBES: Justice Department Tries To Break Up Budweiser-Corona Marriage
Shares of ABI fell 6.3% in New York, and Grupo Modelo fell 7.1%, but the party that got hammered the worst was Constellation Brands, which was set to acquire the 50% of its Crown Imports joint venture with Grupo Modelo in a related transaction.
FORBES: Justice Department Tries To Break Up Budweiser-Corona Marriage
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