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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Amendment No. 1

to

SCHEDULE TO

(Rule 14d-100)

Tender Offer Statement under Section 14(d)(1) or 13(e)(1)

of the Securities Exchange Act of 1934

COMPAÑÍA CERVECERÍAS UNIDAS S.A.

(UNITED BREWERIES COMPANY, INC.)

(Name of Subject Company (Issuer))

INVERSIONES Y RENTAS S.A.

(Name of Filing Persons (Offeror))

American Depositary Shares (ADS) each representing

2 shares of Common Stock, no par value

(Title of Class of Securities)

204429104

(CUSIP Number of Class of Securities)

Common Stock, no par value

(Title of Class of Securities)

N/A

(CUSIP Number of Class of Securities)

Rosita Covarrubias Gatica

Inversiones y Rentas S.A.

Enrique Foster Sur 20, 14th Floor

Santiago, Chile

+(56 2) 2750-7210

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)

With copies to:

Marcelo Mottesi, Esq.

Milbank LLP

55 Hudson Yards

New York, New York 10001

(212) 530-5602

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CALCULATION OF FILING FEE

Check the appropriate boxes below to designate any transactions to which the statement relates:

Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

EXPLANATORY NOTE

This Amendment No. 1 (this “Amendment”) amends and supplements the Schedule TO (the “Schedule TO”), relating to the offer (the “Offer”) by Inversiones y Rentas S.A. (“IRSA”), a Chilean closely held corporation, to purchase an aggregate of up to 16,390,172 issued and outstanding shares of common stock, no par value, of Compañía Cervecerías Unidas S.A. (United Breweries Company, Inc.), an open stock corporation (sociedad anónima abierta) organized under the laws of the Republic of Chile (“CCU”) (the “Shares,” and each a “Share”), from all holders, wherever located, and whether they currently hold such Shares in the form of Shares or American Depositary Shares of CCU (the “ADSs,” and each an “ADS,” each representing two (2) Shares), representing 4.44% of CCU’s outstanding Shares, at a purchase price of Ch$6,800 per Share (equivalent to Ch$13,600 per ADS), in cash, without interest (the “Tender Offer Price”), upon the terms and subject to the conditions described in the Offer to Purchase (as defined below).

The offer was made on the terms and subject to the conditions set forth in the Offer to Purchase, dated as of May 19, 2021 (the “Offer to Purchase”) and in the related Form of Chilean Share Acceptance, Form of U.S. Share Acceptance or ADS Letter of Transmittal, as applicable (each as defined in the Offer to Purchase).

The Tender Offer Price for the Shares that are accepted for payment pursuant to the Offer will be paid by IRSA in Chilean pesos. However, IRSA has directed the U.S. Settlement Agent (as defined in the Offer to Purchase) to coordinate with the FX Agent (as defined in the Offer to Purchase) for the U.S. dollar conversion of the Tender Offer Price payable to holders of ADSs that are tendered to the ADS Tender Agent (as defined in the Offer to Purchase), such that holders tendering Shares in the form of ADSs will receive payment in United States dollars converted at the ADS Tender Offer Price Exchange Rate (as defined in the Offer to Purchase), less distribution fees (as defined in the Offer to Purchase) and applicable withholding taxes, upon the terms and subject to certain conditions described in the Offer to Purchase and in the related ADS Letter of Transmittal.

This Amendment amends and supplements only the items of the Schedule TO that are being amended and supplemented hereby, and unaffected items and exhibits in the Schedule TO are not included herein. This Amendment should be read in conjunction with the Schedule TO and the related exhibits included therein, as the same may be further amended or supplemented hereafter and filed with the SEC. Capitalized terms used herein but not otherwise defined have the meanings set forth in the Schedule TO.

Item 8(a) of the Schedule TO is hereby amended and supplemented by adding the following:

The Offer expired on June 17, 2021.  Based on the final tabulations, a total of 15,907,548 Shares (including 4,884,800 Shares represented by 2,442,400 ADSs) were validly tendered and not withdrawn pursuant to the Offer. All such Shares have been accepted for payment and payment will be made on or around June 23, 2021.

Upon purchase of the Shares pursuant to the Offer, IRSA’s ownership in CCU will increase to 243,389,264 Shares or approximately 65.87% of the total outstanding Shares of CCU, which will leave 126,113,608 Shares (including Shares represented by ADSs) held by parties other than IRSA.

On June 19, 2021, IRSA issued a press release announcing the results of the Offer, a copy of which is attached as Exhibit (a)(1)(L) hereto.

SIGNATURES

After due inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: June 21, 2021

EXHIBIT INDEX

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