Anheuser-Busch InBev to create largest drinks company in the Caribbean with $1.2bn Cerveceria Nacional Dominicana deal The deal was reached with E. Leon Jimenes SA, the majority shareholder of the Dominican Republic's Cerveceria Nacional Dominicana (CND) - maker of Presidente beer - which will form a strategic alliance with AB Inbev's Brazilian subsidiary, the company said in a statement. The combined business will include beer, malt and soft drinks operations in the Dominican Republic, Antigua, Saint Vincent and Dominica as well as exports to 16 other countries in the Americas and Europe. In addition to the alliance, the giant brewer, known for its beer brands Budweiser and Stella Artois, will also purchase the 9.3pc of CND shares currently held by Dutch group Heineken, giving it a 51pc majority interest in total. The transaction will involve paying $1bn in cash to E. Leon Jimenes and $237m to Heineken, the company said. The deal, which is subject to customary conditions, is expected to bw completed by the end of June. The brewing giant was created in 2008 by the $52bn merger of Belgian-Brazilian Inbev and US firm Anheuser-Busch (AB).