Bavaria was told by the commission in May that it would not be allowed to buy Baru as the acquisition would “diminish, restrict, damage and impede” competition in the beer market. Bavaria acquired a 92% stake in the country’s largest brewer, Cerveceria Nacional, last year. Nacional already controls around 72% of the market, and the Bavaria acquisition would give Bavaria a market share in the region of 96%.
PANAMA: Bavaria asks regulator to review decision
The Colombian brewing group, Bavaria, has asked the Panamanian antimonopoly commission to review its decision blocking the company's purchase of Panama's second largest brewing concern, Baru. The commission will make a second ruling on the deal by mid-July.