PERU: Polar lobbies against Bavaria’s Backus takeover
By Owain Johnson Venezuelan brewing giant Empresas Polar has written to Peruvian regulators requesting that they prevent Colombia's Bavaria from increasing its stake in local brewer Backus & Johnston. Both Polar and Bavaria hold stakes in Backus and the Venezuelan company is concerned Bavaria's decision to increase its take could be the prelude to a takeover bid for the Peruvian brewer.