BusinessJanuary 8, 2001
MEMO: ANHEUSER-BUSCH EXPANDING IN CHILE
Beer giant Anheuser-Busch Cos. Inc. has expanded its presence in South America by purchasing a stake in Chile's leading brewery, officials with the St. Louis-based company said Thursday. Anheuser-Busch bought a 14-percent share of Compania Cervecerias Unidas S.A. The company operates primarily in Chile and Argentina and holds 90 percent of Chile's domestic beer market...
Beer giant Anheuser-Busch Cos. Inc. has expanded its presence in South America by purchasing a stake in Chile's leading brewery, officials with the St. Louis-based company said Thursday.
Anheuser-Busch bought a 14-percent share of Compania Cervecerias Unidas S.A. The company operates primarily in Chile and Argentina and holds 90 percent of Chile's domestic beer market.
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The two brewers have been partners for five years in Argentina, where Anheuser-Busch holds an 11 percent share of CCU's Argentine beer subsidiary. Also, CCU brews and sells Anheuser-Busch's Budweiser in Argentina, and exports it to Chile and Paraguay.
Anheuser-Busch is the largest brewer in the world, selling beer in more than 80 countries, including eight in South America.
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