Who Owns Grupo Modelo?
Updated onExplore the ownership hierarchy of Grupo Modelo. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Grupo Modelo
Grupo Modelo is a leading Mexican brewery that produces, distributes, and exports beer brands such as Corona, Modelo, Victoria and Pacífico, and is part of Anheuser-Busch InBev.
Anheuser-Busch InBev
Anheuser-Busch InBev is a Belgian multinational brewing and beverage company and the world's largest brewer, producing and marketing hundreds of beer and beverage brands worldwide.
Grupo Modelo
Grupo Modelo is a leading Mexican brewery that produces, distributes, and exports beer brands such as Corona, Modelo, Victoria and Pacífico, and is part of Anheuser-Busch InBev.
Anheuser-Busch InBev
Anheuser-Busch InBev is a Belgian multinational brewing and beverage company and the world's largest brewer, producing and marketing hundreds of beer and beverage brands worldwide.
Major Shareholders
Grupo Modelo
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Anheuser-Busch InBev SA/NV (AB InBev) AB InBev, the Belgian-based global brewing group listed on Euronext Brussels and the NYSE (ticker BUD), completed a USD 20.1 billion combination with Grupo Modelo in June 2013. At settlement of the tender offer for the Grupo Modelo shares it did not already own, a subsidiary of AB InBev held approximately 95% of Grupo Modelo’s outstanding common shares, giving AB InBev effective control. AB InBev then funded a trust to continue purchasing remaining Grupo Modelo shares over a period of up to 25 months; subsequent company and industry references describe Grupo Modelo simply as an AB InBev-owned subsidiary, implying virtually full ownership. As part of the U.S. antitrust settlement for this transaction, AB InBev divested Grupo Modelo’s U.S. business and perpetual U.S. rights to its brands to Constellation Brands, but this affected distribution rights, not AB InBev’s equity stake in Grupo Modelo itself. | Corporate | 95.0% | 95.0% | May 2013 |
Anheuser-Busch InBev
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Stichting Anheuser-Busch InBev Dutch foundation that holds the core controlling stake in AB InBev on behalf of the Belgian founding families and long‑term partners; percentage based on public shareholder disclosures and S&P/Investing.com ownership data around year‑end 2024 and early 2025. | Corporate | 38.4% | 38.4% | Feb 2025 |
Altria Group, Inc. US-based tobacco company that became a major AB InBev shareholder through the SABMiller transaction; holds a large block of ordinary and former restricted shares, with its stake disclosed in Schedule 13D/A filings and reflected in major shareholder summaries. | Corporate | 8.1% | 8.1% | Feb 2025 |
Bevco Lux S.à r.l. Luxembourg investment company owned by the Santo Domingo Group; manages that group’s strategic minority stake in AB InBev, including former SABMiller-related restricted shares, as reported in its investor materials and external ownership databases. | Corporate | 5.2% | 5.2% | Feb 2025 |
Eugénie Patri Sébastien S.A. Belgian/Luxembourg holding company linked to the founding families; owns a direct stake in AB InBev and, via EPS Participations, co-owns Stichting Anheuser-Busch InBev, according to SEC Schedule 13D disclosures and European shareholding reports. | Corporate | 3.4% | 3.4% | Jan 2025 |
Dodge & Cox US investment manager and one of the largest institutional holders of AB InBev (including NYSE-listed BUD ADRs); aggregate stake derived from 13F filings and compiled ownership data for early 2025. | Institutional | 3.4% | 3.4% | Apr 2025 |
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