AmBev is considering launching a new stock buy-back program in the next two months. The Brazilian beverage company said yesterday that it may buy back up to 1.4 billion of its preferred shares.

In a statement, AmBev said that the 1.4 billion shares represent around 6.58% of the preferred shares traded on the market. The company added that the program is limited to 500m reais (US$172m).

AmBev may renew the program for another two months after it ends.