Brazil's Ambev to invest $430 mln in new beer plants [Reuters]
Ambev S.A. American Depositary Shares (Each representing 1 Common Share) (ABEV)
Last ambev s.a. american depositary shares (each representing 1 common share) earnings: 2/28 04:00 pm
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Source: Reuters
Brazil's Ambev to invest $430 mln in new beer plants SAO PAULO, March 9 (Reuters) - Ambev SA plans to invest 2 billion reais ($432 million) opening new plants in Brazil, where it faces tougher competition as Heineken NV has expanded aggressively. The company said in a statement released on Sunday that it will open a new brewing plant in Brazil’s northern region, a malting factory in the southeast, a can producing unit and additional premium beer production lines. Ambev said the investment represented part of its goal to grow its pure malt portfolio. ($1 = 4.6269 reais) (Reporting by Carolina Mandl; Editing by Alexander Smith)
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ABEV
News
- AMBEV'S 2023 ANNUAL REPORT ON FORM 20-F AVAILABLE ON OUR WEBSITEPR Newswire
- Ambev S.A. (NYSE: ABEV) was downgraded by analysts at Barclays PLC to an "equal weight" rating. They now have a $3.00 price target on the stock, down previously from $3.50.MarketBeat
- Ambev S.A. (NYSE:ABEV) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ambev S.A. (NYSE: ABEV) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.MarketBeat
- Ambev S.A. (NYSE: ABEV) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
ABEV
Earnings
- 3/1/24 - Beat
ABEV
Sec Filings
- 4/9/24 - Form 6-K
- 4/9/24 - Form 6-K
- 3/29/24 - Form 6-K
- ABEV's page on the SEC website