SABMiller is looking to snap up the final shares it does not already own in Latin American arm Bavaria.

The London-listed brewing giant has offered to buy out around 27,000 retail shareholders who own a combined 2.3% of Bavaria, an SABMiller spokesman said today (9 May). "We are hoping that the offer will mop up some of the remaining shareholders," he added.

In December, SABMiller bought 25.19% of Bavaria shares listed on the Colombian Stock Exchange, increasing its interest in the brewer to just under 97%.

Last July, SABMiller paid US$4.8bn to Bavaria's owners, the Santo Domingo family, for a 71.8% stake in the company.