Compania Cervecerias Unidas SA (CCU) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Compañía Cervecerías Unidas S.A. (CCU) has expanded its presence in Paraguay by acquiring a 51% stake in Bebidas del Paraguay S.A., Distribuidora del Paraguay S.A., and AV S.A., in association with Vierci Group, enhancing its brand portfolio which includes the PepsiCo license. This strategic move marks Paraguay as the second country, after Chile, where CCU holds the PepsiCo license, promising growth and investment opportunities. CCU, a major beverage player in South America, continues to strengthen its regional influence with this new venture.
For further insights into CCU stock, check out TipRanks’ Stock Analysis page.