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.
Having recovered from a tax scandal in 2005 and now back in growth, the privately owned Brazilian brewer Primo Schincariol has become a takeover target for international players keen to expand their p...
The former Rolling Rock brewery in the US is set to start brewing Samuel Adams. Boston Beer Co. has signed an agreement with a subsidiary of City Brewing to brew some of its beer in Latrobe, Pennsylva...
AmBev has extended the period of its offer to buy the remaining shares in Argentina-based brewer Quinsa for the third time....
Analysts have played down the prospect of Dutch brewing giant Heineken bidding for UK-based rival Scottish & Newcastle. Shares in S&N rose this morning (30 March) as the market buzzed with speculation...
Labatt Brewing Co. has snapped up over 91% of Lakeport Brewing after unitholders of the Canadian discount beer maker accepted Labatt's offer....
SABMiller has defended its decision not to pursue acquisitions in Russia after announcing that it is to build its second brewery in the country. The London-listed brewing giant said today (29 March) t...
InBev UK has moved to quash reports that it is looking to relaunch ale brand Boddingtons....
SABMiller is to build its second brewery in Russia as it looks to capitalise on growing sales in the country....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Diageo's future brighter than present suggests
- Diageo's Q1 Results by Region
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- Diageo puts Beckham centre stage in Haig Club ad
- Smirnoff Ice gets India launch