Bavaria, the largest beer maker in Colombia, intends to take out a US$150 million loan from the Andean Development Corporation. However the company hasn’t revealed the purpose of investment. The Columbian beer maker posted in a statement that it had made the decision in a meeting on December 18. Bavaria intends to capitalize one of its units in Panama with up to US$807 million, according to the same statement.

Earlier this month the company announced that its only investment plans in the coming year would be to repair and improve it breweries.

23 December, 2003