An arbitration panel issued a decision finding that the combination of Anheuser-Busch and InBev did not violate the investment agreement between entities of Anheuser-Busch and Grupo Modelo.
Dream & Deliver
Anheuser-Busch InBev closed 2009 on a positive note, with 4Q09 EBITDA increasing 11.5%, bringing our total for the year to a 16.6% gain. Our Focus Brand volumes grew 1.9% in FY09, outpacing a flat global industry performance. We believe it’s possible to create the best beer company by building the strongest competitive and financial position & by investing our resources toward a better world.
Panel confirms Anheuser-Busch InBev position in Arbitration with Grupo Modelo 
