UNITED BREWERIES CO INC — M&A Activity 2008

Jul 22, 2008

6-K 1 transaced.htm STRATEGIC AGREEMENT BETWEEN CCU AND CCF 3: UNITED STATES UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

COMPAÑIA CERVECERIAS UNIDAS S.A.

(Exact name of Registrant as specified in its charter)

UNITED BREWERIES COMPANY, INC.

(Translation of Registrant's name into English)

Republic of Chile

(Jurisdiction of incorporation or organization)

Vitacura 2670, Twenty-Third Floor, Santiago, Chile

(Address of principal executive offices)

---

Securities registered or to be registered pursuant to section 12(b) of the Act.

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X Form 40-F ___

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the

Securities Exchange Act of 1934.

Yes ___ No X

Attached is a press release of the Company dated July 21, 2008

For immediate release INFORMATION OF INTEREST FOR THE MARKET Compañía Cervecerías Unidas S.A.

JULY 21, 2008

STRATEGIC AGREEMENT BETWEEN COMPAÑÍA CERVECERÍAS UNIDAS S.A. ("CCU") AND COMPAÑÍA CHILENA DE FÓSFOROS ("CCF") MERGER OF VIÑA SAN PEDRO ("VSP") and VIÑA TARAPACÁ ("VT")

In accordance with the negotiation process of the eventual strategic agreement accorded with CCF consisting of the merge between VT and CCUs subsidiary VSP, which was the subject of the Essential Fact dated July 15 (the Transaction), it is informed as Information of Interest for the Market, that on July 18, 2008, CCU and CCF (the Parties) proceeded to subscribe a document in which both agreed the terms and main conditions of the Transaction, which are:

1. The Parties will be direct owners of the resulting society of the merge of VT and VSP (the Society), according to the current ownership of its respective subsidiaries and considering CCUs acquisition of 25% of VT shares to CCF, which will occur before the merge. CCU would own 44.9% and CCF would own 30% of the Society.
2. CCU and CCF will sign a Shareholders Agreement, that will establish the following:

For the previous ratios should be considered the results of the last fourth quarters.

The Transaction, just as it was informed on the Essential Fact previously mentioned, is subject to: reciprocal due diligence processes, the negotiation of the terms and conditions of it, including the Shareholders Agreement and the following approval of the merge by both shareholders meetings, of VT and VSP.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Compañía Cervecerías Unidas S.A.

(United Breweries Company, Inc.)

/s/ Ricardo Reyes

Chief Financial Officer

Date: July 21, 2008