Compañía Cervecerías Unidas Argentina S.A. entered into an agreement to acquire unknown minority stake in Aguas Danone De Argentina S.A. from Danone S.A. (ENXTPA:BN) on April 29, 2022. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Compañía Cervecerías Unidas Argentina S.A.

Compañía Cervecerías Unidas Argentina S.A. completed the acquisition 49% stake in Aguas Danone De Argentina S.A. from Danone S.A. (ENXTPA:BN) on May 4, 2022. The consideration amount of $28.8 million, a figure that also includes a capital increase and cash and debt adjustments. Ernst & Young France acted as a financial advisor to Compañía Cervecerías Unidas Argentina S.A.