Costa Ricans Get US Beer Brands

Cerveceria Costa Rica has agreed to buy North American Breweries for $388m cash from private equity fund KPS, it says. KPS formed the company, which operates the Genesse and Labatt brands in the US, in 2009 when it bought Labatt from Anheuser-Busch Inbev. UBS advised KPS and North American breweries on the sale. The transaction is expected to close by the end of the year.