SANTIAGO May 27 Chilean brewer and bottler
CCU's board will ask its shareholders on June 18 to
approve a 340 billion peso ($694 million), capital increase to
finance growth plans, the company said on Monday.
If the shareholder's approve the operation, "the funds
derived from the capital increase, will be used to finance the
expansion plans contemplated in CCU's strategy, via organic
growth, (or) current businesses, and inorganic, (or) new
businesses," the company said in a filing with the local
CCU, which has operations in Argentina, Chile and Uruguay,
is controlled by the local Luksic family's Quinenco
holding company and Heineken.
(Reporting by Anthony Esposito; Editing by Nick Zieminski)