UPDATE 1-Brazilian beverage distributors file antitrust complaint against Ambev [Reuters]
Ambev S.A. American Depositary Shares (Each representing 1 Common Share) (ABEV)
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Source: Reuters
Brazilian beverage distributors file antitrust complaint against Ambev SAO PAULO (Reuters) - Beverage distributors working for Brazilian brewer Ambev SA ( ABEV3.SA An industry group representing 110 resellers and logistic distributors, known as Confenar, blames Ambev for implementing abusive commercial policies due to its dominant market position in Brazil. “Ambev creates a closed and vicious cycle of control, determining resellers to work on the product mix they want, in the format, price and structure of their interest,” Confenar’s president, Ataíde Gil Guerreiro, said in a statement on Friday. Fines applied to companies found guilty of anticompetitive practices may range from 0.1% to 20% of the gross revenue in the year preceding the filing of the complaint, Cade said in an emailed statement. Ambev said in a statement that it regrets that Confenar has taken to Cade private contract negotiations, which has been ongoing for months. “Confenar wants a guarantee of minimum profitability
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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