E-Malt.com News article: 1949

Colombia’s biggest beer maker, Bavaria, has approved signing a US$150 million line of credit with the Andean Development Corp.(CAF), the financing arm of the Andean Community, the reports said on December 19. The company has also approved an US$807m capitalization of its Panama unit, Latin Development Corp, an investment fund. The company did not say how it planned to use the credit.

19 December, 2003