Inversiones y Rentas S.A. made a tender offer to acquire an 4.44% stake in Compañía Cervecerías Unidas S.A. (SNSE:CCU) for CLP 110 billion on May 17, 2021. Under the terms of the offer, Inversiones y Rentas S.A. will acquire for CLP 6,800 per share. Inversiones y Rentas S.A. intends to fund the purchase of the shares with borrowings under a long-term facility entered with Scotiabank Chile in February 2021 (as amended in March 2021) providing for borrowings of up to 5,200,000 Unidades de Fomento. The offer is expected to commence on May 19, 2021. The tender offer will expire on June 17, 2021, subject to extension. Post-closing, Inversiones y Rentas S.A. will hold 66% stake in Compañía Cervecerías Unidas S.A. The tender offer will be subject to customary conditions, and compliance with applicable U.S. and Chilean regulations. The offer is not subject to the obtaining of any financing. On May 17, 2021, the Board of Directors of Inversiones y Rentas S.A. approved the transaction. Goldman Sachs & Co. LLC acted as the dealer manager, Banchile Corredores de Bolsa S.A acted as the tender agent, Computershare Trust Company, National Association and Computershare, Inc. acted as the share tender agent, Marcelo A. Mottesi, Andrew R. Walker and Sam Badawi of Milbank LLP acted as the legal advisor and Georgeson LLC acted as the information agent for Inversiones y Rentas S.A. JPMorgan Chase Bank N.A. acted as depositary for Inversiones y Rentas S.A.