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Grupo Luksic looks to end tie-ups with Paraguay firms

Grupo Luksic looks to end tie-ups with Paraguay firms

January 30, 2023 | John Quigley
Chilean conglomerate wants to offload stakes in companies linked to former Paraguayan President Horacio Cartes

Corporate & Sovereign Strategy M&A Latin America MERCOSUR (AR, BR, PA, UR, VE) South America Paraguay Chile Energy Gas

Chilean conglomerate Grupo Luksic plans to sever its business ties with former Paraguayan President Horacio Cartes after he was sanctioned by the US government, according to press reports.  Luksic-owned companies Compañía de Cervecerías Unidas (CCU) and Enex will sell their stakes in two of Cartes' firms, Bebidas del Paraguay and Gasur, DFSud reported on its website. CCU, a beverage company, bought 50% of Bebidas del Paraguay, which was owned by Cartes and his sister, in 2013. Enex, an energy f

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