CCU Acquires Nestlé's Stake in Chile Joint Venture
Chilean beverage company CCU (ticker: CCU) acquired Nestlé’s 49.9% stake in their joint venture, Aguas CCU-Nestlé Chile, for approximately $180 million. The deal allows CCU to fully own the operation while continuing distribution of water and coffee-based drinks under the Nestlé brand.
Tickers: $CCU