Business Combinations

12 Months Ended

Dec. 31, 2021

Disclosure of detailed information about business combination [abstract]

Disclosure of business combinations [text block]

Note 15 Business Combinations

a) Bebidas Bolivianas BBO S.A.

On June 28, 2019 and on July 11, 2019 the subsidiary CCU Inversiones II SpA. made capital contributions to Bebidas Bolivianas BBO S.A. for an amount of US$ 1,249,713 (equivalent to ThCh$ 849,630) and an amount of US$ 178,305 (equivalents to ThCh$ 122,210) respectively. This transaction did not change the percentage of participation because both partners concurred in proportion to their current participation.

b) Bodega San Juan S.A.U.

On January 28, 2019, the Argentine subsidiary Finca La Celia S.A. established the company Bodega San Juan S.A.U. making a capital contribution of ARS 100,000, in order to use it as a vehicle for the acquisition of the Graffigna, Colón and Santa Silvia wine business of Pernod Ricard Argentina S.R.L., in addition to the purchase of Graffigna winery and the Pocito vineyards, Cañada Honda and La Consulta.

On May 31, 2019, the subsidiary VSPT made a capital contribution to the subsidiary Finca La Celia S.A. by US$ 14,000,000, equivalent to ThCh$ 9,910,040 and on the same date the subsidiary Finca La Celia S.A. made a capital contribution to Bodega San Juan S.A.U. for US$ 2,806,820, equivalent to ThCh$ 1,986,836.

For this business combination the Company has determined the fair values of assets and liabilities (See Note 1 - General Information letter C, number (4)).

For the business combination described above, the fair values of the assets and liabilities have been determined (see Note 1 – General information, letter C, number (8)).

On February 18, 2020, the subsidiary Cervecería Kunstmann S.A. (CK) acquired 50.1000% from the purchase of 501 shares from the company Mahina SpA. at a value of ThCh$ 525,000. Later on the same date, Mahina SpA. carried out a capital increase equivalent to 100 shares of which CK subscribed 50 shares at a value of ThCh$ 50,000 which were paid on March 26, 2021. As a consequence, CK owns 551 shares equivalent to 50.0909%. Additionally, it was incorporated into the consolidation process of CCU (See Note 15 - Business combinations).

For the business combination described above, the fair values of the assets and liabilities have been determined (see Note 1 – General information, letter C, number (9)).

For the business combination described above, the fair values of assets and liabilities have been determined (See Note 1 - General Information letter C, number (4)).

As of December 31, 2021, the Company has no other business combinations.

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