Heineken completed the acquisition of a 15% stake in United Breweries for $781m.

Heineken, an international producer of beers, spirits, wines, and soft drinks, completed the acquisition of a 15% stake in United Breweries, a manufacturer of alcoholic beverages, for $781m. A narrowing of the gap between tax on beer and on spirits would give significant potential for the market to grow from current annual beer consumption of 1.6 litres per capita towards the global average of 24.4 litres.