Business is brewing.Beer giant SABMiller feels its time to grab a brew in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , especially in Colombia and Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. . The company bought an outstanding 41.8% stake in BevCo, its Central American Central America A region of southern North America extending from the southern border of Mexico to the northern border of Colombia. It separates the Caribbean Sea from the Pacific Ocean and is linked to South America by the Isthmus of Panama. subsidiary, for US$464 million, giving it control of the company. BevCo is the leading brewer and soft drinks bottler in Honduras and El Salvador El Salvador (ĕl sälväthōr`), officially Republic of El Salvador, republic (2005 est. pop. 6,705,000), 8,260 sq mi (21,393 sq km), Central America. . The British company also bought 62.37 million shares of Bavaria, a Colombian brewer for $1.25 billion. The purchase gives SABMiller 97% control of Bavaria, up from its previous 72% interest. Bavaria is the leading beer maker in Colombia, Peru, Ecuador and Panama. |
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