The company's stock will begin trading once the relevant steps have been taken and governmental authorisations received. The company's shares don't carry voting rights but real state.. Santander Central Hispano Bolsa will act as the specialist intermediary for the company.
Grupo Modelo's listing will broaden the market's sectorial representation while at the same time it will offer the opportunity to invest cheaply in euro-denominated shares in a company which leads the production, marketing and sale of beer. Grupo Modelo's listing will thus add to other important Mexican companies such as América Móvil, BBVA Bancomer and Telmex. After the company's listing the Latibex market will be made up of 29 companies.
Grupo Modelo was founded in 1925 and runs 7 breweries in Mexico. 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 Mexican best-selling 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.
Grupo Modelo's C-shares have been traded on the Bolsa Mexicana de Valores since 1994 and will soon list on Latibex, the only international market for Latin American Stocks.
