SABMiller Unit Sheds in CentAm

SABMiller subsidiary Cerveceria Nacional has agreed to sell its milk and juice business to Costa Rica’s La Cooperativa de Productores de Leche Dos Pinos for $86m, SABMiller says. Panama-based Cerveceria Nacional diversifies away from what it calls a “legacy asset” and says handing off the milk and juice business will allow it to center on its beer and carbonated soft drinks operations. The transaction is subject to regulatory approvals. Ernst & Young advised Dos Pinos, with Morgan & Morgan as legal counsel. Arias, Fabriga & Fabriga was legal counsel to Cerveceria Nacional.