Anheuser-Busch InBev's AmBev to up Cervecería Nacional Dominicana stake

Anheuser-Busch InBev's Brazilian unit is to increase its share in the Dominican Republic's beer market leader, Cervecería Nacional Dominicana.

AmBev said that it would pay its partner in the venture, E León Jimenes, US$926.5m for an additional 30% of the brewer. The move will take AmBev's total shareholding in CND to 85%, with the remaining 15% held by E León Jimenes.

The transaction is expected to close early next year

In 2012, A-B InBev confirmed a US$1.24bn spend to combine its operations in the Dominican Republic with those belonging to E León Jimenes.

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