UPDATE 1-Brazilian beverage distributors file antitrust complaint against Ambev [Yahoo! Finance News]
Ambev S.A. American Depositary Shares (Each representing 1 Common Share) (ABEV)
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Source: Yahoo! Finance News
UPDATE 1-Brazilian beverage distributors file antitrust complaint against Ambev ds antitrust regulator's comments) By Gabriela Mello SAO PAULO, Oct 25 ) - Beverage distributors working for Brazilian brewer Ambev SA have filed a complaint against the company at the local antitrust regulator Cade, accusing it of anticompetitive practices. 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 s
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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