Racetrack Peru S.R.L. agreed to make a tender offer to acquire up to approximately 3% stake in Cerveceria San Juan S.A. (BVL:SNJUANC1) for PEN 89.3 million on March 3, 2017. As part of the tender offer, Racetrack Peru agreed to acquire up to approximately 2.97 million San Juan shares at a price of PEN 30.09 per share. The offer is valid for all the shareholders of San Juan who are not directly/indirectly related to Racetrack. The tender offer is pursuant to the authorization granted by Superintendencia del Mercado de Valores on March 3, 2017. As on April 18, 2017, the tender offer is launched and will commence from April 19, 2017 till May 17, 2017. Alkia Capital S.A.C. acted as financial advisor for Racetrack Peru and determined the price for the offer. Citicorp Perú acted as agent for the tender offer. Racetrack Peru S.R.L. completed the acquisition of approximately 0.67% stake in Cerveceria San Juan S.A. (BVL:SNJUANC1) for PEN 17.2 million from a group of shareholders on May 18, 2017. At the conclusion of offer, a total of approximately 0.57 million shares of Cerveceria San Juan were tendered.