Beating a retreat
How does the old saying go? Two’s company, three’s a crowd. That seems to apply to brewers too. Chile’s largest brewer CCU will support plans by its shareholder Anheuser-Busch Cos. Inc. to sell its 20 percent interest in the company, CCU announced at the beginning of October. Although Anheuser-Busch has denied a sale so far, those in the know maintain that the St. Louis-based brewer will dispose of its stake before the end of the year.
The withdrawal of Anheuser-Busch, which analysts said signalled a weaker presence for the company in the competitive South American market, is due to conflicts with Dutch rival Heineken. Heineken indirectly bought a controlling stake in CCU last year despite Anheuser-Busch’s efforts to prevent it.A. (CCU) for USD224 million.6 percent of CCU..
Select offer and read on
6 print issues