Bavaria has denied press reports that it is in talks to be acquired by Interbrew. The brewer, Columbia's biggest, was replying to a story on Peruvian newspaper Correo's website last week which said that Interbrew officials had met with Bavaria in the US to finalise a deal. No sources were cited in the story.

The report appeared in the same week that a Belgian daily newspaper, De Tijd, claimed that Interbrew was considering buying Peru's biggest brewer Union de Cervecerias Peruanas Backus & Johnston.

Bavaria and Backus have both denied the report from Correo, while Interbrew have declined to comment.