A Chilean beverage giant behind Cristal, one of the country's most popular beers, plus other brands like Escudo and Royal Guard, along with soft drinks, mineral water, pisco, and wine. Its name—Spanish for "United Breweries"—came from the 1902 merger of regional breweries, some dating back to the 1850s when early brewers opened Chile's first breweries. A fun quirk: it's easily confused with India's separate United Breweries, maker of Kingfisher beer.
CCU acquires Nestlé's 49.9% stake in Aguas CCU-Nestlé for ~CLP 164,597 million
On June 5, 2026, CCU executed a Share Purchase Agreement with Nestlé Chile S.A. to acquire the 49.9% equity interest Nestlé held in Aguas CCU-Nestlé Chile S.A.
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The transaction was unanimously approved by CCU's board of directors on May 6, 2026.
The purchase price is based on a 100% enterprise value of approximately CLP 322,377 million on a cash-free and debt-free basis, resulting in a price of approximately CLP 164,597 million, subject to customary adjustments.
Following the transaction, CCU owns 100% of Aguas CCU-Nestlé, which holds leading brands in Chile's water industry.
CCU will continue its commercial relationship with Nestlé, maintaining distribution of ready-to-drink water and coffee-based beverages in Chile.
CCU board appoints new directors and CEO following resignations
Carlos Molina Solis resigned as Vice-chairman and Director, effective July 31, 2026; Alexandre Othenio Carreteiro will replace him on August 1, 2026.
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Rodrigo Hinzpeter Kirberg resigned as Director, effective June 30, 2026; Patricio Jottar Nasrallah will replace him on July 1, 2026.
Patricio Jottar will step down as CEO on June 30, 2026, after 28 years in the role; Eduardo Ffrench-Davis Rodríguez will become CEO on July 1, 2026.
The Directors' Committee will now consist of Agathe Lemoine Porte, Rory Cullinan, and Patricio Jottar; the Audit Committee will include Agathe Lemoine Porte and Rory Cullinan with Macario Valdés as observer.
The full Board of Directors will be renewed at the next Ordinary Shareholders' Meeting per Chilean law.
CCU elects new board of directors and appoints chairman at April 15, 2026 meeting
At the ordinary shareholders' meeting on April 15, 2026, CCU elected nine directors for a three-year term, including Pablo Granifo Lavín, Carlos Molina Solís, Rodrigo Hinzpeter Kirberg, Marc Gross, Rory Cullinan, Óscar Hasbún Martínez, Arthur Ribeiro Viñau, Macario Valdés Raczynski, and Marie Agathe Lemoine Porte.
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Marie Agathe Lemoine Porte was appointed as an independent director under article 50 bis of Law N° 18,046.
At the extraordinary board meeting the same day, Pablo Granifo Lavín was appointed chairman and Carlos Molina Solís vice-chairman.
The directors committee is composed of Marie Agathe Lemoine Porte, Carlos Molina Solís, and Rodrigo Hinzpeter Kirberg.
The audit committee includes Marie Agathe Lemoine Porte and Carlos Molina Solís, with Rodrigo Hinzpeter Kirberg as observer.