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Chilean brewery shares increase 42%.

Last week Salomon Brothers analyst Les, Pugh placed a "buy" rating on Chile's largest brewer, bottler and distributor, Compania Cervecerias Unidas S.A.

Since the company began offering its stock publicly in September 1992 for $12.50 per share, the price had climbed to 17 3/4 as of last week - a 42-percent increase from the initial offering price.

According to Compania Cerveceria, its flagship brand, Cristal, accounts for almost 60 percent of the all beer sales in Chile.

Last week, Compania Cerveceria was mentioned favorably in a Baron's story.
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Title Annotation:Compania Cervecerias Unidas S.A.
Publication:Modern Brewery Age
Date:Feb 1, 1993
Words:90
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