Pursuits

World Cup Fever Boosts Beer and Wine Stocks in Chile

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By Eduardo Thomson and Sebastian Boyd

June 18, 2014 at 9:45 PM UTC

This article is for subscribers only.

Cia. Cervecerias Unidas SA and Vina Concha & Toro SA, Chile’s biggest brewery and winemaker respectively, rallied as the country’s soccer team unexpectedly beat Spain to qualify for the World Cup’s round of 16.

CCU jumped 3.2 percent, the most in nine months, and Concha & Toro surged 3.4 percent. The stocks led gains in Chile’s benchmark Ipsa index, which advanced 1.1 percent.