CCU (NYSE: CCU) pays CLP 164,597M to take full control of Chile water venture
Rhea-AI Filing Summary
Compañía Cervecerías Unidas S.A. (CCU) reported that its board unanimously approved, and the company executed, a Share Purchase Agreement with Nestlé Chile S.A. to acquire Nestlé’s 49.9% equity interest in Aguas CCU-Nestlé Chile S.A.
CCU already held the remaining 50.1% through a subsidiary, so this transaction makes it the direct and indirect owner of 100% of Aguas CCU-Nestlé, a participant with leading brands in Chile’s growing water industry. The price was based on a 100% enterprise value of approximately CLP 322,377 million on a cash-free, debt-free basis, resulting in a closing purchase price of approximately CLP 164,597 million, subject to customary adjustments.
CCU states that the definitive financial effects on its assets, liabilities, and results cannot yet be determined and will be reported later. Following completion, CCU will maintain its commercial relationship with Nestlé, including distribution of ready-to-drink water and coffee-based beverages in Chile.
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Insights
CCU is taking full control of its Chilean water JV while keeping commercial ties with Nestlé.
CCU is acquiring Nestlé’s 49.9% stake in Aguas CCU-Nestlé, moving from joint control to owning 100% of this Chilean water business. The deal values the business at an enterprise value of CLP 322,377 million, with CCU paying about CLP 164,597 million at closing for Nestlé’s share, subject to customary adjustments.
Owning all of Aguas CCU-Nestlé gives CCU full strategic and financial control over a company described as participating with leading brands in Chile’s growing water industry. However, the company notes that the precise impact on its assets, liabilities, and results is not yet determined, so the economic contribution will need to be assessed once disclosed in future reports.
CCU will continue its commercial relationship with Nestlé, maintaining distribution of ready-to-drink water and coffee-based beverages in Chile. Investors can look to subsequent CCU filings covering periods after June 5, 2026 for quantified effects such as revenue, profit contribution, or any balance sheet changes related to the transaction.
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FAQ
What transaction did CCU (CCU) announce in this Form 6-K?
How much is CCU paying for Nestlé’s 49.9% stake in Aguas CCU-Nestlé?
What ownership will CCU (CCU) have in Aguas CCU-Nestlé after the deal?
Does CCU expect financial impacts from acquiring the remaining Aguas CCU-Nestlé stake?
Will CCU continue working with Nestlé after this water business transaction?
What governance approvals did CCU obtain for this acquisition?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
COMPAÑÍA CERVECERÍAS UNIDAS S.A.
(Exact name of Registrant as specified in its charter)
UNITED BREWERIES COMPANY, INC.
(Translation of Registrant’s name into English)
Republic of Chile
(Jurisdiction of incorporation or organization)
Vitacura 2670, 23rd floor, Santiago, Chile
(Address of principal executive offices)
_________________________________________
Securities registered or to be registered pursuant to section 12(b) of the Act.
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F ___
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___ No X
CCU is a multi-category beverage company with operations in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. CCU is one of the largest players in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, mineral and bottled water, nectar, wine and pisco, among others. CCU is the second-largest brewer in Argentina and also participates in the water, cider, spirits and wine industries. In Uruguay and Paraguay, the Company is present in the beer, mineral and bottled water, soft drinks, wine and nectar categories. In Bolivia, CCU participates in the beer, water, soft drinks and malt beverage categories. In Colombia, the Company participates in the beer and in the malt industry. The Company’s principal licensing, distribution and / or joint venture agreements include Heineken Brouwerijen B.V., PepsiCo Inc., Seven-up International, Schweppes Holdings Limited, Société des Produits Nestlé S.A., Pernod Ricard Chile S.A., Promarca S.A. (Watt’s), Red Bull Panamá S.A., Stokely Van Camp Inc., and Coors Brewing Company. (Santiago, Chile, June 5, 2026) – In accordance with the provisions of Article 9 and the second paragraph of Article 10 of Law No. 18,045, and Section II, Item I, Letter 2.2.A of General Rule No. 30 of the Financial Market Commission (“CMF”), being duly authorized by the Board of Directors in an ordinary meeting held on May 6, 2026, I hereby inform the CMF as a MATERIAL EVENT regarding Compañía Cervecerías Unidas S.A. (“CCU”) and its businesses, the following: 1.- Pursuant to the unanimous approval of the directors in office in a session held on May 6, 2026, CCU executed a Share Purchase Agreement (“SPA”) with Nestlé Chile S.A. (“Nestlé”) on June 5, 2026, whereby CCU acquired the 49.9% equity interest that Nestlé held in Aguas CCU-Nestlé Chile S.A. (“Aguas CCU-Nestlé”), a subsidiary of CCU in which it holds the remaining 50.1% through its subsidiary Embotelladoras Chilenas Unidas S.A. (the “Transaction”). Consequently, as of this date, CCU became the direct and indirect owner of 100% of the share capital of Aguas CCU-Nestlé, a company that participates with leading brands in the growing water industry in Chile. 2.- For the determination of the price of 49.9% of the share capital of Aguas CCU-Nestlé, the SPA considered a 100% enterprise value of approximately CLP 322,377 million, on a cash-free and debt-free basis, resulting in a purchase price at closing amounting to approximately CLP 164,597 million, which is subject to certain adjustments typical for this type of transaction. As of this date, it is not yet possible to determine the definitive financial effects that the Transaction may have on CCU’s assets, liabilities, or results, which will be timely and duly reported to the CMF and the market in general. Following the completion of the Transaction, CCU will continue its commercial relationship with Nestlé, maintaining the distribution of ready-to-drink products in the water and coffee-based beverage market in Chile. With the disclosure of this material fact, the information reported to the CMF on May 7, 2026, is relieved of its character as a confidential material event. MATERIAL EVENT
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Compañía Cervecerías Unidas S.A.
(United Breweries Company, Inc.)
| /s/ Felipe Dubernet | |
| Chief Financial Officer | |
Date: June 5, 2026