Argentina approves AB Inbev plan for post-merger beer divestments [Reuters]
Ambev S.A. American Depositary Shares (Each representing 1 Common Share) (ABEV)
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Source: Reuters
Argentina approves AB Inbev plan for post-merger beer divestments | Reuters Reuters Staff 2 Min Read BUENOS AIRES, March 14 (Reuters) - Argentina’s production ministry said on Wednesday it had approved a proposal from brewer Anheuser Busch InBev NV to divest seven of its brands in the country as a condition for its 2016 takeover of SAB Miller. The $100 billion-plus takeover, which won overwhelming backing from SAB Miller shareholders in 2016, was met with similar conditions by antitrust regulators elsewhere, including the United States and Europe. As part of the proposal from AB Inbev and Chilean brewer CCU , which has operations in Argentina, AB Inbev would transfer the Isenbeck, Diosa, Norte, Iguana and Baltica brands, as well as the licenses to Warsteiner and Grolsch, to CCU. In turn, CCU would give the Argentina rights to the Budweiser brand to AB Inbev - which markets the brand globally - in exchange for a payment of up to $400 million over three years. CCU said in a statement in
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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