Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

Online pharmacy:fesmag.com/tem

Have you a sex problem? Please visit our site:fesmag.com/medic

Site map
 
 
 

Anheuser-Busch plans to sell interest in Chicago distributorship

St. Louis based Anheuser-Busch has agreed to sell its stake in City Beverage, its largest distributor in Chicago. It's part of legislation that would end a multiyear battle over how alcohol is regulated in Illinois.

The Chicago Tribune reports the agreement appears in a bill expected to exit the Illinois House this week. A-B has until Jan. 1, 2015, to sell its interest in the distributorship.

     Mark Bordas, A-B's region vice president of state affairs, said in a statement, "Anheuser-Busch is pleased with the agreement reached with the Illinois legislature as it related to our minority investment in City Beverage."

Investment firm BDT Capital, which currently owns 70 percent of City Beverage, did not immediately respond to the newspaper's request for comment.

Alcohol sales are regulated in most states through a three-tier system intended to separate manufacturing, distribution and retail sales. Illinois House Bill 2606 would amend the state's liquor regulations, saying "no person licensed as a manufacturer of beer ... shall have any interest, directly or indirectly, in a holder of a distributor's license or importing distributor's license.

The Illinois Liquor Control Commission and A-B have been involved in litigation on the issue since the commission blocked the brewer from acquiring City Beverage in 2010.

     St. Louis-based Anheuser-Busch is part of Belgium-based Anheuser-Busch InBev, the world's largest brewer, which reported revenue of $39.8 billion in 2012.

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Probe could complicate Rick Perry's prospect

Probe could complicate Rick Perry's prospect

  AUSTIN, Texas (AP) — Texas Gov. Rick Perry has spent a record 14 years in office vanquishing nearly all who dared confront him. But with eight months left on the ...

Star sea lion at the St. Louis Zoo has died

Star sea lion at the St. Louis Zoo has died

  ST. LOUIS (AP) — A star sea lion at the St. Louis Zoo has died. The St. Louis Post-Dispatch reports that Bennie the sea lion died Friday. He was 11. Zoo spoke...

Ride-sharing service hits snags in St. Louis

Ride-sharing service hits snags in St. Louis

  ST. LOUIS (AP) — A smartphone app-based ride-sharing service has started service in St. Louis, ignoring a cease and desist order from the city's taxi commission. ...

Missouri Republicans outline new gun proposal

Missouri Republicans outline new gun proposal

  JEFFERSON CITY, Mo. (AP) — Missouri Republicans have outlined a new approach to prevent federal agents from enforcing gun control laws the state considers to be infri...

Documents detail another delayed GM recall

Documents detail another delayed GM recall

  DETROIT (AP) — Government documents show that General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands o...

Ferry stops service on Mississippi River

  MEYER, Ill. (AP) — A farm cooperative has shut down a ferry service that shuttled agricultural products and other goods across the Mississippi River between western I...

Pepsi franchise to open center in Cape Girardeau

Pepsi franchise to open center in Cape Girardeau

  CAPE GIRARDEAU, Mo. (AP) — A Pepsi franchise is planning to build a new customer service center in Cape Girardeau (juh-RAHR'-doh) that could create 74 jobs. The M...

Man charged in Kansas City-area highway shootings

  KANSAS CITY, Mo. (AP) — Authorities say a Kansas City-area man has been charged with 18 felony counts in connection with about a dozen recent random highway shootings...

© 2013 KTRS All Rights Reserved