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SABMiller announces $86m sale of Panama juice and milk business

By Ben Bouckley+

21-Jan-2013
Last updated the 21-Jan-2013 at 14:05 GMT

One of UK-based SAB Miller's leading brands, Peroni
One of UK-based SAB Miller's leading brands, Peroni

SABMiller announced today that its Panama subsidiary Cerveceria Nacional has agreed the sale of its milk and juice business to La Co-Operative de Productores de Leche Dos Pinos for US $86m.

Fernando Zavala, Cervecería Nacional president, said: “The milk and juice business is a legacy asset from the Bavaria transaction.  The divestment will allow us to simplify our business processes and focus on beer and carbonated soft drinks in Panama, where we are the market leader in beer. 

He added: "We hold in high regard the people and brands of the milk and juice business, and we believe that the business will continue to have a bright future under the ownership of Dos Pinos.”

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