COLUMBIA: Bavaria applies for $150m loan
Bavaria plans to take out a US$150m loan, although it is not known what the funds will be used for. The Columbian beer maker posted a statement on Columbia's Securities Suprintendency website, saying it had made the decision in a meeting on Thursday.
The company intends to take out the loan from the Andean Development Corporation.
The statement also said that Bavaria intends to capitalise one of its units in Panama with up to $807m.
Earlier this month the company announced that its only investment plans in the coming year would be to repair and improve it breweries.
Having recorded a third consecutive year of volume, margin and earnings growth, global brewing force, SAB Miller, was in a position to give shareholders a 27% dividend increase and eye the acquisition...
The race for ownership of Empresarial Bavaria could be settled within the next few weeks, according to press reports....
Brewers SABMiller and Heineken are thought to be close to making another proposal to acquire the Latin American business Bavaria....
Speculation is growing that a bid for Empresarial Bavaria could come in the next two weeks....
InBev believes that other companies are more interested in Bavaria than it is....
Rumours that SABMiller is poised to launch a bid for Empresarial Bavaria swept the trading floor yesterday (2 June)....
Shares in the UK-based brewing group, Scottish & Newcastle (S&N), rose on the back of a rumour that the company has pulled out of the race to acquire the Colombian brewer, Bavaria, The Times has repor...
Bavaria has authorised a five-year syndicated loan of up to US$250m....
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