Bavaria plans to take out a US$150m loan, although it is not known what the funds will be used for. The Columbian beer maker posted a statement on Columbia's Securities Suprintendency website, saying it had made the decision in a meeting on Thursday.

The company intends to take out the loan from the Andean Development Corporation.

The statement also said that Bavaria intends to capitalise one of its units in Panama with up to $807m.

Earlier this month the company announced that its only investment plans in the coming year would be to repair and improve it breweries.