A PYMNTS Company

Panama: SABMiller sells Panama’s largest dairy co for $86M

By  |  January 21, 2013

The Panama milk and juice subsidiary of SABMiller plc will be sold to Costa Rican-based La Cooperative de Productores de Leche Dos Pinos R.L. for $86 million, according to reports. The President of the subsidiary, Cervecera Nacional, said in a statement that the sale will allow the company – the largest dairy company in the country – to “simplify [the] business process” and will re-focus the business on beer and soft drinks in the nation. Cervecera is the nation’s leader in beer. Panama’s Authority for Consumer Protection and the Defense of Competition will need to approve of the deal for finalization.

 

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