Compania Cervecerias Unidas SA (CCU) is looking to take a majority stake in the Chilean pisco market, according to a local newspaper report.

The financial daily Diario Financiero said yesterday that CCU had requested permission from Chile's competition authorities to make a bid for Cooperativa Agricola Pisquera Elqui, also known as Capel.

CCU already owns a 43% stake in the market having acquired Pisco Control earlier in the year.

Capel has a 55.9% market share.

The newspaper said the company couldn't immediately confirm the accuracy of the report.