Brazil's Ambev calls bribery allegations 'false and incoherent' [Reuters]
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US:NYSE Investor Relations: ri.ambev.com.br/mobile/default_mobile.asp?idioma=1&conta=44
Brazil's Ambev calls bribery allegations 'false and incoherent' RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil’s Ambev SA ( ABEV3.SA Brazilian newspaper Estado de S. Paulo earlier reported that Antonio Palocci, a jailed former finance minister, had said in plea bargain testimony that the company made the payments to former presidents Luiz Inácio Lula da Silva and Dilma Rousseff. Palocci said he also received payments from the firm, according to the newspaper, which said it was the first time that Ambev, the Latin American and Canadian subsidiary of Anheuser Busch Inbev NV ( ABI.BR In a statement to Reuters, Ambev vigorously denied what it described as “false and incoherent” allegations. “False because we never made any inappropriate payments of any nature to receive undue benefits. And incoherent because, since 2015, the beverage sector has suffered through a major increase in (federal corporate) taxes, by around 60%, contradicting everything that was alleged.” Ambev shares were down 1.
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ABEV
News
- Ambev S.A. (<a href="https://www.marketbeat.com/stocks/NYSE/ABEV/price-target/">NYSE: ABEV</a>) had its "underperform" rating re-affirmed by analysts at Bradesco Corretora.MarketBeat
- Ambev S.A. (<a href="https://www.marketbeat.com/stocks/NYSE/ABEV/price-target/">NYSE: ABEV</a>) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating.MarketBeat
- Ambev S.A. (<a href="https://www.marketbeat.com/stocks/NYSE/ABEV/price-target/">NYSE: ABEV</a>) was downgraded by analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating.MarketBeat
- AMBEV S A/S (NYSE: ABEV) was upgraded by analysts at Smith Barney Citigroup from a "neutral" rating to a "buy" rating.MarketBeat
- AMBEV S A/S (NYSE: ABEV) was upgraded by analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from a "neutral" rating to a "buy" rating.MarketBeat
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ABEV
SEC Filings
- 1/13/21 - Form 6-K
- 1/11/21 - Form 6-K
- 1/11/21 - Form 6-K
- ABEV's page on the SEC website
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