COLUMBIA: Bavaria buys into ECSA
Empresarial Bavaria, the Columbian beer and beverage firm, has bought a large stake in the Costa Rican bottling company ECSA. The company announced yesterday that it has acquired a 49% stake in the bottler, full name Embotelladora Centroamericana.
Bavaria said that its business with ECSA will initially focus only on non-alcoholic beverages. But, in a statement, the company reiterated: "With this operation, Grupo Empresarial Bavaria continues its process of international expansion with plans to become, in the medium term, one of the top ten beer companies in the world."
In December last year, the company revealed plans to take out a US$150m loan, although it was not announced at the time what the funds would be used for.
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....
- Diageo NA head on Trump, Millennials, Bourbon
- Trump, local spirits and the IR role - The Analyst
- Interview - Loch Lomond GTR head Andre de Almeida
- Has Millennial-mania drowned out elder consumers?
- Interview - Bernstein analyst Trevor Stirling
- Beam Suntory opens global headquarters in Chicago
- Pernod Ricard offloads Domecq brandies, wines
- Molson Coors names UK & Ireland managing director
- Absolut not "sufficiently focussed" on Millennials
- TWE renames Blossom Hill fruit wine range