The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday: ** Anheuser-Busch InBev, the world's largest brewer, said it had now agreed to sell Mexican brewer Grupo Modelo's Piedras Niegras brewery to Constellation Brands and grant it perpetual rights for Corona and other Modelo brands in the United States, at a cost of $2.9 billion.** Dutch financial services group ING plans to sell its remaining stake of around 5 percent in South Korea's KB Financial Group Inc, a deal valued at up to $675 million, IFR reported.
Anheuser Busch Inbev SA is a brewing company. The Company produces, markets, distributes and sells a balanced portfolio of approximately 200 beer brands. Shares of BUD traded higher by 5.53% or $4.88/share to $93.14. In the past year, the shares have traded as low as $64.48 and as high as $94.49. On average, 1330040 shares of BUD exchange hands on a given day and today's volume is recorded at 1294798.
Shares of KB fell by 0.76% or $-0.265/share to $34.66. In the past year, the shares have traded as low as $28.36 and as high as $39.01. On average, 183437 shares of KB exchange hands on a given day and today's volume is recorded at 18769.
Constellation Brands, Inc. is a wine company. The Company is a marketer of imported beer in the United States. Shares of STZ traded higher by 29.49% or $9.4/share to $41.28. In the past year, the shares have traded as low as $18.50 and as high as $39.65. On average, 3138060 shares of STZ exchange hands on a given day and today's volume is recorded at 8289281.
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