PANAMA: Bavaria abandons Baru takeover

By just-drinks.com editorial team | 9 July 2002

The Colombian brewing group, Bavaria, has announced that it has formally given up its attempt to buy Panama's second largest brewer, Cervecerias Baru Panama SA. The group seemingly had little option but to throw in the towel following the decision by Panama's Free Competition and Consumer Affairs Commission to reject Bavaria's appeal to the block put on the deal in May.

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The Colombian brewing group, Bavaria, has announced that it has formally given up its attempt to buy Panama's second largest brewer, Cervecerias Baru Panama SA. The group seemingly had little option but to throw in the towel following the decision by Panama's Free Competition and Consumer Affairs Commission to reject Bavaria's appeal to the block put on the deal in May.

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