Peru’s market regulator, Conasev, is investigating allegations that market rules have been broken as three companies, Polar, Bavaria and the Venezuelan company, Cisneros Group, have sought to build stakes in Backus. Polar has accused Bavaria and Cisneros of colluding in a bid to gain control of Backus without triggering a full public offer.
PERU: Bavaria linked with increasing stake in Backus
Reports have suggested that the Colombian brewer, Bavaria, is negotiating with the Venezuelan brewer, Empresas Polar, about Bavaria increasing its stake in the Peruvian brewer, Union de Cervecerias Peruanas Backus & Johnston SAA, known as Backus, in which both companies own stakes. However, the inside sources quoted said that no deal was imminent.