Constellation Brands has announced plans to submit a proposal to the US Department of Justice to acquire the Obregon Brewery from Grupo Modelo SAB de CV, for $600m.

Based in the US, Constellation Brands is a producer and marketer of alcoholic beverages, while Grupo Modelo is a Mexico-based subsidiary of Anheuser-Busch InBev SA/NV, which produces and markets beer.

The acquisition will enable Constellation Brands to expand its Mexican beer portfolio and support future innovation initiatives.

"The acquisition will enable Constellation Brands to expand its Mexican beer portfolio."

Freshcart Grocer has announced that it has secured $0.5m in funding from venture capital firms, KK Fund and Cradle Fund, and other private investors.

The Malaysian online grocery store provider will use the funds to launch a new office supplies portal called Supplycart.

Heritage Foods (India) (HFIL) has signed an agreement to acquire the dairy business of Reliance Retail (RRL), the retail chain division of Reliance Industries (RIL).

HFIL operates a dairy business involving the distribution of milk and milk products, while RRL operates a number of retail formats such as supermarkets and wholesale cash and carry stores.

Both the companies involved in the transaction are based in India.