ARGENTINA: Quinsa closer to brands, brewery sale
InBev has picked Inversora Cervecera to acquire three brands owned by its Argentine subsidiary Quinsa that had to be sold off in connection with an Antitrust Approval Process.
InBev said today (13 October) that it has selected Inversora Cervecera, a consortium headed by Ernesto Gutiérrez, to acquire the Palermo, Bieckert and Imperial brands, and the Lujan brewery.
The sale of these assets was required by Argentine anti-trust authorities in connection with the approval of the strategic alliance with AmBev in 2003. Quinsa has submitted the transaction to Argentine anti-trust authorities for approval.
Quinsa is the largest brewer in Argentina, Bolivia, Paraguay and Uruguay, and also operates in the Chilean market. The company, which is 93%-owned by AmBev, is also the main Pepsi bottler in Argentina and Uruguay.
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