07 May 2001

Old friends

For an estimated sum of US$224 million, Anheuser-Busch purchased approx. 14 % of Compania Cervecerias Unidas (CCU), a beverage company operating in Chile and neighbouring Argentina. According to Business Wire, Anheuser-Busch (A-B) and CCU have been partners in Argentina for five years where A-B holds an 11 % stake in CCU’s local subsidiary. In Argentina CCU brews the Budweiser brand which is also exported to Chile and Paraguay.
As elsewhere in Latin America, there exists a duopoly in the Chilean beer market with CCU controlling 90 % and Quil-mes 9 % through its subsidiary Cerveceria Chile.
CCU was founded in 1902 and produces more than 5 million hl of beer annually. Beer accounts for 55 % of CCU’s revenues.58 % in CCU. As we reported, the merger was eventually called off..

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