The move is the latest twist in an ongoing saga surrounding the Peruvian company which has seen the Colombian brewer, Bavaria, and the Venezuelan media group, Cisneros, buy stakes in the company which enjoys a monopoly in the Peruvian beer sector.
PERU: Polar files suit against Backus executives
The Venezuelan brewer Polar, which owns a 23.5% shareholding in the Peruvian beer group, Backus & Johnston, has filed a suit against the company's senior executives accusing them of defrauding shareholders by buying over-priced materials.