Anheuser Busch InBev and Heineken are understood to be competing to buy the Dominican Republic's biggest brewer, Cerveceria Nacional Dominicana (CND), for US$1.5bn, according to reports. 

The Presdiente brewer has been put up for sale by by the country's biggest company, Grupo Leon Jimenes, which controls the majority of the firm, Reuters reported yesterday (26 March). An unnamed source was quoted by Reuters saying: "The business has a dominant position in the beer market and so is an attractive asset for buyers.

"The race is between Anheuser-Busch InBev and Heineken with a result expected in the next few weeks," the source added.

When contacted by just-drinks today, a spokesperson for CND said that there is “no official statement” at this stage but there could be one “later in the week”. He would not comment further.

A spokesperson for A-B InBev said: "It is our policy not to comment on market rumour or speculation." Heineken were not immediately available as just-drinks went to press.

Heineken already owns a 9.3% stake of CND.