News

CHILE: Compañía Cervecerías Unidas takes full stake in Uruguayan brands

Most popular

'Healthy alcohol - the trend to watch in 2019?

What will be Ian Curle's Edrington legacy?

The beer category in 2019 - just-drinks predicts

Is craft spirits approaching a reset moment?

MORE

Chilean brewer Compañía Cervecerías Unidas CCU has bought a full stake in the owners of Uruguayan beverage brands Nix and Native.

//i2.aroq.com/1/78483125.jpg

CCU bought 100% of shares in Uruguayan companies Marzurel, Milotur, Coralina and Andrimar, it said in a statement on its website on Friday (14 September). Financial details were not disclosed.

Nix is a CSD brand and Nativa a mineral water brand. The acquisition is part of CCU's plan to expand business into new markets, the company said.

The brand buys are the first expansion into Uruguay for Chile’s biggest brewer, according to local reports.

Heineken has a 50/50 JV with Chilean industrial and financial group Quinenco. Together the companies own 66% of CCU. Heineken bought the stake from German company Schoerghuber Stiftung & Co in 2003.

A Heineken spokesperson told just-drinks today the company was aware of the deal and in agreement with the expansion.


Related Content

Performance surprises Anheuser-Busch InBev in Q1 2018 - results

Performance surprises Anheuser-Busch InBev in Q1 2018 - results...

Is FEMSA trying to bloody Heineken's nose with stake sale? - Editor's Viewpoint

Is FEMSA trying to bloody Heineken's nose with stake sale? - Editor's Viewpoint...

This week in beer & cider, featuring Anheuser-Busch's Tesla order, Craft Brew Alliance's brewery sale and Heineken's Mozambique build

This week in beer & cider, featuring Anheuser-Busch's Tesla order, Craft Brew Alliance's brewery sal...

Heineken puts calorie count centre stage on new slimline Strongbow cans

Heineken puts calorie count centre stage on new slimline Strongbow cans...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?