SABMiller has made an offer to buy the remaining shares in Latin American arm Bavaria that it does not already own.

The London-listed brewing giant said yesterday (27 September) it had tabled an offer worth COP46,176 (US$19.29) a share for the remaining shares, which equate to 2.2% of Bavaria's stock.

If the offer is accepted, SABMiller expects to pay around COP252.9m for the tranche of shares. Shareholders can accept the offer on 12 October, SABMiller added.

SABMiller has been looking to buy out the remaining Bavaria shareholders since May when it tabled its last offer.

The brewer has started investing heavily in Bavaria, which it bought last year in a deal worth US$4.8bn. Last month, SABMiller announced that it would spend US$175m on building a brewery in Yumbo, on the outskirts of Cali in the west of Colombia, to keep pace with growing demand in the region.