Grupo Modelo is Mexico's leading brewer, retailer and exporter of beer. With a market capitalisation of € 7.2 bn, Grupo Modelo ranks seventh worldwide in terms of beer sales and is among the ten most capitalised companies in Latin America.
Grupo Modelo's C-stock will be traded on Latibex grouped in trading units of 10 shares under the code XGMD. Santander Central Hispano will act as the specialist intermediary for the company's stock.
Grupo Modelo's listing will make the 4th Mexican company on Latibex and broaden the market's sectorial representation while at the same time offering the opportunity to invest in a strategic sector such as Beverage.
Carlos Fernández, Grupo Modelo's CEO and José Parés, Head of Corporate Communication, will present the company's strategy to analysts, fund managers and the media at the Salón de Pasos Perdidos of the Bolsa de Madrid. The company will start trading at 14.00 hrs.
Grupo Modelo runs 7 breweries in México and its beer is marketed in over 150 countries. Some of the company's best known brands are Corona Extra and its Spanish version Coronita, the best-selling Mexican beer in the world, Modelo Especial, Victoria, Pacífico and Negra Modelo. In Mexico Grupo Modelo is also the exclusive importer of beer brewed by the American company Anheuser-Busch, some of whose brands are Budweiser and Bud Light.
