The Financial Bloodbath of Argentina
The reaction in Argentina's top stocks to Argentinian President Mauricio Macri losing a primary election was worse than atrocious. It was a bloodbath.
Headquartered in Avenida Vitacura Nº 2670, Santiago Fiscal year ends December NYSE: CCU ccu.cl
Compañía Cervecerías Unidas S.A. (CCU) is a multi-category beverage company with operations across Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company participates in beer, soft drinks, mineral and bottled water, nectar, wine, pisco, spirits, cider, and sparkling wine categories. CCU is one of the largest beverage players in Chile across its categories and the second-largest brewer in Argentina. The company also operates in Uruguay, Paraguay, and Bolivia across multiple beverage categories and participates in the beer and malt industry in Colombia through joint ventures. CCU holds principal licensing, distribution, and joint venture agreements with major global partners including Heineken, PepsiCo, Seven-Up International, Schweppes, Nestlé, Pernod Ricard, Red Bull, and Coors Brewing Company. The company operates through three reporting segments: Chile (beer, non-alcoholic beverages, spirits, and cider in Chile), International Business (beer, cider, wine, non-alcoholic beverages, and spirits in Argentina, Uruguay, Paraguay, and Bolivia), and Wine (wine and sparkling wine exports to over 80 countries plus domestic Chilean and Argentine markets). CCU trades on both the Santiago Stock Exchange and the NYSE under the ticker CCU, with each ADR representing 2 shares. Updated
The reaction in Argentina's top stocks to Argentinian President Mauricio Macri losing a primary election was worse than atrocious. It was a bloodbath.
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Compañía Cervecerías Unidas S.A. (CCU) is a multi-category beverage company with operations across Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company participates in beer, soft drinks, mineral and bottled water, nectar, wine, pisco, spirits, cider, and sparkling wine categories.
The Wall Street consensus 12-month price target for CCU is $10.62.