Anheuser-Busch InBev has confirmed that AmBev and E León Jimenes (ELJ), which owns 83.5% of Cervecería Nacional Dominicana (CND), are to form a strategic alliance to create a beverage company in the Caribbean.
The combined business will include beer, malt and soft drinks operations in the Dominican Republic, Antigua, Saint Vincent and Dominica, as well as exports to 16 other countries in the Caribbean, the US and Europe.
Upon closing of the transaction, AmBev Brasil Bebidas, a closely-held subsidiary of AmBev, and ELJ will be the shareholders of Tenedora CND SA, a holding company which will own 83.5% of the shares of CND and 100% of AmBev Dominicana, with AmBev Brasil owning an initial indirect 41.76% interest in CND.
Source: Anheuser-Busch InBev
© FoodBev Media Ltd 2024