Cervecería Andina S.A.

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What it is

Cervecería Andina S.A. is an Ecuadorian company registered for beer, malt and carbonated-beverage manufacturing, which began commercial activity on 25 June 1971, based in Cumbayá, in the Pichincha province outside Quito. It carries a stock-exchange listing on the Bolsa de Valores de Quito under the ticker CERVANDINA, but all available evidence points to it as a legacy holding shell rather than an active production business.

In 1974, Cervecería Nacional merged with Cervecería Andina and took over its plant in Cumbayá, Quito. That merger united Cervecería Nacional with Cervecería Andina de Quito and resulted in the construction and operation of the Cumbayá plant under the Nacional brand.

The brewing assets and the Andina name in any meaningful commercial sense passed entirely to that larger company, which today belongs to AB InBev.

Who owns it

In the early 1980s, Colombia’s Cervecería Bavaria entered the Ecuadorian market by acquiring Latin Development Corporation, which controlled Cervecería Andina de Quito and Cervecería Nacional S.A. of Guayaquil. The subsequent ownership chain ran from Bavaria to SABMiller (2005) and then to Anheuser-Busch InBev, the multinational that today controls Cervecería Nacional.

Not published: the precise current ownership register of Cervecería Andina S.A. (CERVANDINA.EC) — that is, who holds its shares today and in what proportions — is not accessible through the Superintendencia de Compañías portal (appscvsgen.supercias.gob.ec, queried directly; the system returned a security block) or through the BVQ public filings page. Ecuador’s Ley de Mercado de Valores (Art.

11) requires listed companies to disclose ownership above 5% to the Superintendencia de Compañías, Valores y Seguros (SCVS); that disclosure exists in the regulator’s database but is not freely retrievable without an authenticated session.

Who runs it

Not published: no board members, chief executive, or appointed representative for Cervecería Andina S.A. appear in the publicly accessible layers of the Supercias portal, the BVQ issuer directory, or the company’s LinkedIn page (which lists fewer than 60 followers and no personnel). The company has no public investor-relations page or annual report retrievable online.

Under Ecuador’s Reglamento de Información y Divulgación (SCVS Resolution), listed companies must file governance disclosures with the regulator; those filings exist but are session-gated.

The money, in plain words

Not published: no revenue, net profit, total assets, or any audited financial figure for Cervecería Andina S.A. (CERVANDINA.EC) is accessible through any open primary source. The Bolsa de Valores de Quito’s SIGCV filing repository (bolsadequito.com/sigcv) holds audited accounts for active equity issuers; it contains no freely accessible PDF for this issuer.

The Supercias public financial-statements portal (appscvsmovil.supercias.gob.ec) was queried but returned only a session-based interface requiring authenticated access. The Studocu-hosted 2024 audited accounts that appeared in search results belong to Cervecería Nacional CN S.A., a distinct legal entity audited by PwC for the year ended 31 December 2024 — not to Cervecería Andina S.A.

The conclusion supported by all available evidence is that Cervecería Andina S.A. is effectively a dormant shell: no trading price appears in BVQ daily renta-variable price files reviewed, and no operating financial data has been publicly filed or is retrievable. Any investor treating it as an active operating brewery would be working without a financial foundation.

What it is doing now

No material corporate event — no reported results, no board change, no filing, no press release — has been identified for Cervecería Andina S.A. in any source reviewed for 2024 or 2025. The Ecuador beer market it once helped build is today dominated by Cervecería Nacional CN S.A., Ecuador’s leading beer and soft-drink company, which absorbed Andina’s operations five decades ago.

What to watch

• SCVS filing access: An investor with authenticated Supercias portal access could retrieve the share register and the most recent balance sheet — the key first step before any assessment.
• Dormancy or delisting risk: Ecuador’s securities regulator can delist issuers that fail ongoing disclosure obligations; confirm whether CERVANDINA is current on its SCVS filings.
• Shell value: If AB InBev’s local holding chain retains a stake, the entity may carry residual asset or intellectual-property value; that can only be confirmed from the authenticated share register.
• Ecuador macro: In 2024, Ecuador faced significant challenges linked to a security crisis and an energy crisis that caused nationwide power cuts due to one of the worst droughts in recent years. Any reactivation of this company would face that backdrop.

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This is news, not investment advice.