BRAZIL: AmBev prepares funds for legal dispute
AmBev has put aside BRL7.5m (US$3.6m) to cover a dispute with a Brazilian distributor.
The brewer said it has provisioned the money to cover the row with Natalense Comercial de Bebidas, based in the state of Rio Grande do Norte.
Natalense issued a lawsuit against AmBev in 2005 after the brewer ended a contract to distribute its Antarctica brand. The distributor has demanded compensation for rebranding its beer trucks, contracts and equipment.
The case, which is in front of the state court in Rio Grande do Norte, is expected to be settled in the coming weeks. A technical expert for the court has already issued a preliminary judgement of BRL558m, although the judge is yet to decide whether to accept this judgement.
In a regulatory filing, AmBev said: "Our understanding is that the technical finding will not be considered in the final judgment."
The board of Companhia de Bebidas das Americas (Ambev) has approved a share buyback program....
Quinsa has posted a strong set of figures for the first half of this year....
Companhia de Bebidas das Americas (AmBev) has reported a strong second quarter with consolidated EBITDA reaching BRL1.848bn (US$958m), a rise of 16.5% on the back of another solid performance by it Br...
Quilmes Industrial has revealed a small drop in the number of shares in the company....
Quilmes Industrial (Quinsa), the Luxembourg-based subsidiary of South American drinks combine AmBev, has said the filing of its 20-F form for 2006 will be delayed....
Brazilian-based drinks group Companhia de Bebidas das Americas, part of InBev, announced yesterday (17 July) that its subsidiary, AmBev International has agreed a pricing of notes for issuance....
Brazilian-based drinks group Companhia de Bebidas das Americas, part of InBev, has announced today that its wholly owned subsidiary, AmBev International Finance Co. Ltd., is to offer a benchmark amoun...
The Argentinean brewer Quilmes Industrial is to invest US$100m this year in increasing production and expanding its sales network. The brewer said it was also increasing investment in technological in...
- Comment - Diageo Spins the Guinness Wheel... Again
- Diageo's Labels Give Industry Something to Digest
- Who should Stock Spirits Acquire?
- Comment - 'Craft' and the Danger of 'Romance Copy'
- Is A-B InBev/SABMiller 'Mega-Merger' Off?
- Diageo lines up UK innovations push
- Craft is an 'abused' term - Pernod Ricard exec
- Pernod Ricard queries nutritional label use
- Diageo's Guinness Golden Ale
- Edrington names European Travel Retail head