Sorting out Chile
Initially, Germany’s Schörg-huber held indirectly a 50 percent stake in IRSA, while Quiñenco owned the other 50 percent of IRSA, which has a controlling stake of 62 percent in the leading Chilean brewer CCU.
It has to be remembered that Anheuser-Busch owns another 19.8 percent of CCU. Now, with the consent of Quiñenco, Heineken will buy the 50 percent stake in IRSA that is currently held by Schörghuber. Heineken and Quiñenco will thus become partners in the joint venture IRSA. As part of this transaction, Heineken intends to transfer the licensing agreements to produce the Heineken brand in Chile and Argentina to CCU as soon as practically possible..
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