The Corporación Financiera Internacional (IFC), an investment arm of the World Bank, has acquired a stake in Empresarial Bavaria. IFC has converted a US$30m loan taken by the Colombian brewer into equity in the brewer.

Reports stated that Bavaria had announced it has issued 2.356,890 ordinary shares which had been subscribed to IFC.

The share issue was approved by the Colombian Securities Commission in April, according to a report in La Republica newspaper.