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Organizacion Cisneros Company

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BUSINESS
November 4, 1997 | Bloomberg News
Venezuela's Cisneros family and Belgian brewer Interbrew said they will form a joint venture that could invest $2 billion over the next five years to boost beer sales in Latin America. The companies said they and possible future partners hope to capture 10% to 15% of Latin America's market. The companies will initially focus on Venezuela, where a $250-million investment is planned. Interbrew, the world's fourth-largest brewer, will take a 50% stake in a Cisneros-owned regional brewery.
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BUSINESS
November 4, 1997 | Bloomberg News
Venezuela's Cisneros family and Belgian brewer Interbrew said they will form a joint venture that could invest $2 billion over the next five years to boost beer sales in Latin America. The companies said they and possible future partners hope to capture 10% to 15% of Latin America's market. The companies will initially focus on Venezuela, where a $250-million investment is planned. Interbrew, the world's fourth-largest brewer, will take a 50% stake in a Cisneros-owned regional brewery.
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