<SEC-DOCUMENT>0001292814-23-000664.txt : 20230301
<SEC-HEADER>0001292814-23-000664.hdr.sgml : 20230301
<ACCEPTANCE-DATETIME>20230301163034
ACCESSION NUMBER:		0001292814-23-000664
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230331
FILED AS OF DATE:		20230301
DATE AS OF CHANGE:		20230301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED BREWERIES CO INC
		CENTRAL INDEX KEY:			0000888746
		STANDARD INDUSTRIAL CLASSIFICATION:	MALT BEVERAGES [2082]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14906
		FILM NUMBER:		23694054

	BUSINESS ADDRESS:	
		STREET 1:		AHUMADA 131
		CITY:			SANTIAGO CHILE
		STATE:			F3
		ZIP:			00000
		BUSINESS PHONE:		2125305000

	MAIL ADDRESS:	
		STREET 1:		VITACURA 2670 23RD FL
		CITY:			SANTIAGO COUNTRY CHILE
		STATE:			F3
		ZIP:			NA
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<P style="TEXT-ALIGN: center"><B>UNITED STATES<BR></B><B>SECURITIES AND EXCHANGE COMMISSION<BR>WASHINGTON, D.C. 20549</B></P>

<P style="TEXT-ALIGN: center">FORM 6-K</P>

<P style="TEXT-ALIGN: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Report of Foreign Issuer <BR>Pursuant to Rule 13a-16 or 15d-16 of the <BR>Securities Exchange Act of 1934</P>

<P style="TEXT-ALIGN: center"><B><U>COMPA&#209;&#205;A CERVECER&#205;AS UNIDAS S.A.<BR></U></B>(Exact name of Registrant as specified in its charter)<BR><B><U>UNITED BREWERIES COMPANY, INC.<BR></U></B>(Translation of Registrant&#8217;s name into English)</P>

<P style="TEXT-ALIGN: center"><U>Republic of Chile <BR></U>(Jurisdiction of incorporation or organization)<BR><U>Vitacura 2670, 23</U><U><SUP>rd </SUP></U><U>floor, Santiago, Chile <BR></U>(Address of principal executive offices)<BR>&nbsp;_________________________________________</P>

<P style="TEXT-ALIGN: center">Securities registered or to be registered pursuant to section 12(b) of the Act.</P>

<P style="TEXT-ALIGN: justify">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P style="TEXT-ALIGN: center">Form 20-F <U>X </U>Form 40-F ___</P>

<P style="TEXT-ALIGN: justify">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.</P>

<P style="TEXT-ALIGN: center">Yes ___ No <U>X</U></P>

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<P STYLE="font: 12pt/14pt Roboto Condensed; margin: 0; text-align: left; color: green">&nbsp;<IMG SRC="ccu202303016k_001.jpg" ALT=""></P>

<P STYLE="font: 12pt/14pt Roboto Condensed; margin: 0; text-align: center; color: green"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>MATERIAL EVENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">COMPA&Ntilde;&Iacute;A CERVECER&Iacute;AS UNIDAS S.A.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">SECURITIES&rsquo; REGISTRY No 0007</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">March 1, 2023</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Ms.</P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Solange Berstein J&aacute;uregui</P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Chairwoman of the Financial Market Commission</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Avenida Libertad Bernardo O`Higgins N&deg; 1449</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Santiago</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Dear Sirs,</P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify">Pursuant to the provisions of Article 9 and paragraph
two of Article 10 of the Securities Market Law No. 18,045, and section II N&deg; 1, 2.2.A of General Rule No. 30 of the Financial Market
Commission (the &quot;<U>CMF</U>&quot;), on behalf of the Board of Directors and being duly authorized thereto, I hereby inform you of
the following MATERIAL EVENT with respect to Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas S.A. (&quot;<U>CCU</U>&quot;) and its businesses:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; color: #292929"><FONT STYLE="background-color: white">Given
the announcement made on January 26th 2023, by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury,
to sanction the former president of Paraguay, Mr. Horacio Cartes Jara (the &ldquo;<U>OFAC sanction</U>&rdquo;), CCU is implementing measures
to terminate its association with Mr. Cartes in Bebidas del Paraguay S.A. and Distribuidora del Paraguay S.A., companies in which CCU
holds an indirect interest of 50.005% and 49.959%, respectively (the &ldquo;<U>Companies in Paraguay</U>&rdquo;). </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; color: #292929"><FONT STYLE="background-color: white">Due
to the above, on this date CCU&rsquo;s subsidiaries signed a Private Agreement with the current shareholders of the Companies in Paraguay,
Mr. Horacio Cartes Jara and Ms. Sarah Cartes Jara, whereby it was agreed:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #292929"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; background-color: white">the
acquisition of all the shares owned by Ms. Sarah Cartes Jara in the Companies in Paraguay;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #292929"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; background-color: white">the
acquisition, by a third party unrelated to Mr. Horacio Cartes, of all the shares held by him in the Companies in Paraguay, no later than
March 17, 2023 and subject to CCU agreeing with this third party on certain amendments to the shareholders&rsquo; agreements currently
in place of the Companies in Paraguay; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #292929"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; background-color: white">if the
acquisition referred to in (ii) above does not succeed, and without violating the OFAC Sanction, the acquisition by CCU of all the shares
owned by Mr. Horacio Cartes in the Companies in Paraguay.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; color: #292929"><FONT STYLE="background-color: white">The
total price of the share purchases referred to in paragraphs (i) and (iii) above, amounts to USD 36.6 million. </FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; color: #292929"><FONT STYLE="background-color: white">As
of this date, it is not possible to estimate the financial effects that the Private Agreement may have on CCU's assets, liabilities or
financial results, which will be duly reported to the CMF and the market in general.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; color: #292929"><FONT STYLE="background-color: white">Sincerely,
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Patricio Jottar Nasrallah</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Chief Executive Officer</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Compa&ntilde;&iacute;a Cervecer&iacute;as Unidas
S.A.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">c.c. Bolsa de Comercio de Santiago, Bolsa de Valores</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 35.4pt">Bolsa Electr&oacute;nica de Chile, Bolsa de Valores</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 35.4pt">Bondholder Representatives</P>



<P STYLE="font: 12pt/14pt Roboto Condensed; margin: 0; text-align: center; color: green">&nbsp;</P>

<P STYLE="font: 12pt/14pt Roboto Condensed; margin: 0; text-align: center; color: green">&nbsp;</P>

<P STYLE="font: 12pt/14pt Roboto Condensed; margin: 0; text-align: center; color: green"></P>
<P STYLE="font: 9pt/12pt Roboto Condensed; margin: 0; text-align: justify; color: #339966"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/12pt Roboto Condensed; margin: 0; text-align: justify; color: #339966"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/150% Times New Roman, Times, Serif; margin: 0">Vitacura 2670/Las Condes</P>

<P STYLE="font: 8pt/150% Times New Roman, Times, Serif; margin: 0">Santiago/Chile</P>

<P STYLE="font: 8pt/150% Times New Roman, Times, Serif; margin: 0">Tel: (+56) 22 427 3000</P>

<P STYLE="font: 8pt/150% Times New Roman, Times, Serif; margin: 0">www.ccu.cl</P>
<P STYLE="font: 9pt/12pt Roboto Condensed; margin: 0; text-align: justify; color: #339966"><B></B></P>

<P STYLE="font: 9pt/12pt Roboto Condensed; margin: 0; text-align: justify; color: #339966"><B></B></P>

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<P style="TEXT-ALIGN: center"><B>Signatures</B></P>

<P style="TEXT-ALIGN: left">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.</P>

<P style="TEXT-ALIGN: center">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.<BR>(United Breweries Company, Inc.)</P>

<DIV align=left>

<TABLE style="FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="50%"></TD>

   <TD width="50%"></TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left>&nbsp;</TD>

   <TD width="50%" align=left><U>/s/ Felipe Dubernet&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left>&nbsp;</TD>

   <TD width="50%" align=left>Chief Financial Officer&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="50%" align=left></TD>

   <TD width="50%" align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="MARGIN: 0px">Date:&nbsp;March 1, 2023</P>

<P style="MARGIN: 0px">&nbsp;</P>

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