Compania Cervecerias Unidas (CCU), the Chilean drinks company, has signed a Share Purchase Agreement to acquire Nestle Chile S.A.’s 49.9% equity interest in their joint venture, Aguas CCU-Nestle Chile. As CCU already held a 50.1% stake in the business through its subsidiary Embotelladoras Chilenas Unidas, the transaction gives CCU 100% ownership of the firm. Aguas CCU-Nestle Chile operates with leading brands in the country’s growing water industry, bottling the Cachantun and …
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Central Cervecera de Colombia (CCC), a joint venture aimed at tapping demand for beer and malted drinks in Colombia, has announced the launch of a new brand called Andina and has also revealed plans to start producing international beer brands in its new plant. The CCC joint venture was formed in 2014 by Chile’s Compania de las Cervecerias Unidas (CCU) and Postobon, with the intention of investing in a new …
The Colombian alcoholic drinks market is set for the debut of Central Cervecera de Colombia, a new joint venture aimed at tapping demand for beers and malted drinks in the country. According to a statement sent on Monday to the Chilean Securities and Insurance Regulator, Chile’s Compania de las Cervecerias Unidas (CCU) and Postbon SA, Colombia’s largest soft drinks maker, will participate 50-50 in the business with an initial investment of $400 million …
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