SABMiller in Argentina deal

Brewer SABMiller agreed to buy Argentine brewer CASA Isenbeck, taking a step into a market dominated by the world's biggest brewer Anheuser-Busch InBev with its 74 per cent share.

Analysts estimate SABMiller is paying 27m to buy the business from German brewer Warsteiner.

CASA Isenbeck brews Isenbeck and Warsteiner beers with sales of around 600,000 hectolitres in 2009.

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The London-based brewer intends to supply Paraguay, South Brazil and Uruguay with beer from the Argentine brewery and then later intends to brew its Peroni brand to appeal to Argentina's large Italian-speaking population.