Ambev S.A. completed the acquisition of remaining 0.01% stake of Ambev Brasil Bebidas S.A.
January 01, 2014 at 11:00 pm EST
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Ambev S.A. (BOVESPA:ABEV3) agreed to acquire remaining 0.01% stake of Ambev Brasil Bebidas S.A. for $0.43 million in stock on December 3, 2013. Under the terms, Ambev will issue its 0.06 million shares to shareholders of Ambev Brasil at an exchange ratio of 1.019657. The deal is subject to approval by Board of Directors of Ambev and shareholders of Ambev Brasil. As of January 2, 2014, the transaction was approved by Board of Directors of Ambev. Ambev's shares will be credited in favor of Ambev Brasil's shareholders until February 11, 2014.
Ambev S.A. (BOVESPA:ABEV3) completed the acquisition of remaining 0.01% stake of Ambev Brasil Bebidas S.A. on January 2, 2014. The transaction was approved by the shareholders of Ambev S.A. and Ambev Brasil Bebidas S.A.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces, distributes and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company's activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, El Salvador, Honduras, Nicaragua, Barbados and Panama; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile; and Canada, represented by Labattâs operations, which comprises sales in Canada and some exports to the U.S. market. The Company markets products under various brand names, such as Adriatica, Brahma, Leffe, Budweiser, Corona, PepsiCo and Lipton. It is a subsidiary of Interbrew International BV.
AMBEV S.A. 
