Anheuser-Busch will limit the sale of its stock in CCU to Chile only. The US company, which announced its intention to sell its 20% stake in the Chilean brewer in March, told CCU late last week that no share offer will be made in the US through American Depository Receipts (ADRs).

In a statement on Friday (30 October), CCU said: "Anheuser-Busch has informed this company that it will administer the sale of its CCU stock in the Chilean market, without carrying out the registry process in accordance with the laws that govern stocks in the US."

The relationship between AB and CCU has been strained since Dutch rival Heineken NV indirectly bought a controlling stake in CCU last year despite AB's efforts to prevent it.

Heineken took a 50% stake in Inversiones y Renta (IRSA) the holding company which controls 61.6% of CCU. Quinenco owns the other 50% of IRSA.

Although CCU previously had announced that it would collaborate with the sale of the stock by Anheuser-Busch, now it says that the "the sale, once it is complete, will occur without the intervention of CCU," the statement said.