COLUMBIA: Bavaria looks to spend US$1bn in expansion
By just-drinks.com editorial team | 10 May 2002
The Colombian brewer Bavaria is to spend US$1 billion on driving business overseas and modernizing its plants, according to the website of the World Bank's private investment arm, the International Financial Corp. A timescale for the investment was not stipulated. The IFC website said that Bavaria had asked it to inject US$100m into the company through a stock purchase agreement, and organise loans with other banks for $200m. According to the report the brewer is looking to make "selective acquisitions" in Central America and the Andean region.
just-drinks articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
The Colombian brewer Bavaria is to spend US$1 billion on driving business overseas and modernizing its plants, according to the website of the World Bank's private investment arm, the International Financial Corp. A timescale for the investment was not stipulated. The IFC website said that Bavaria had asked it to inject US$100m into the company through a stock purchase agreement, and organise loans with other banks for $200m. According to the report the brewer is looking to make "selective acquisitions" in Central America and the Andean region.
- Unlimited access to all the latest global beverage news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-drinks market research
- Plus much more
If you’re already a member, login here
More articles related to this one
UK: SABMiller leads Bavaria race - report
The race for ownership of Empresarial Bavaria could be settled within the next few weeks, according to press reports.
UK: Brewers renew Bavaria talks - report
Brewers SABMiller and Heineken are thought to be close to making another proposal to acquire the Latin American business Bavaria.
COLOMBIA: Bavaria – any day now? Report
Speculation is growing that a bid for Empresarial Bavaria could come in the next two weeks.
