Sale of Dominican Republic’s Presidente Brewery getting closer #finance #negocios #cerveza #beer #santodomingo #business

Speculation remains rife as to who’ll buy Presidente Beer in the Dominican Republic. Sale of the beer which also has popularity in Barbados is imminent, sources say, but the buyer has still not been confirmed.

#finance #negocios #cerveza #beer #santodomingo #business

El Siglo reported that the deal was handled by Bank of America as financial advisor together with financial consultant Cynthia Vega and the local firm CT Vega y Asociados.

A Dominican website announced that Heineken, that was a shareholder of the Cerveceria Nacional Dominicana (CND) brewery with 10% share, would be the buyer, in a US$1.6 billion deal.

Earlier Wall Street Journal had speculated that Anheuser-Busch InBev NV (and its local affiliate AmBev) would be the buyer of the Presidente Beer brewery. It’s been noted at‘s website it claims the deal would be signed by (tomorrow) Monday, 16 April.

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