The Chilean Brewer CCU, the most heavily traded stock, rose 1.21% to 2,500 pesos after a shareholders meeting approved dividends of $230 million resulting from the end to an ownership dispute in January, according to Reuters.
However, it emerged on Tuesday that Dutch brewer Heineken's plans to acquire a 50 percent share in the firm that controls CCU could be hindered by demands by minority shareholders that the transaction be made through a public share offer.
U.S. brewer Anheuser-Busch, maker of Budweiser beer, holds a 20% stake in CCU and asked Chilean stock market authorities on Tuesday to review Heineken's plans, saying it wanted equal rights to sell shares at the same premium to be paid by Heineken.
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