InBev has said that it has "no plans" to restart the tender for the outstanding shares in Argentina-based brewer Quinsa.

AmBev, InBev's South American unit, said yesterday (19 April) that its offer, to buy up to 6.8m class A shares and 8.6m class B shares in Quinsa, has expired and "will be withdrawn". AmBev had been trying to buy the shares through its Beverage Associates Holding subsidiary, having extended the deadline for the offer three times throughout this year.

When contacted by just-drinks today, a spokesperson for InBev said it had no short-term plans in place to wrest the minority shares. "Clearly some institutional investors decided that the offer was not good enough," the spokesperson said.

"We have no current plans to re-tender. Going forward, we will evaluate any alternatives vis-à-vis Quinsa." The spokesperson would not be drawn on what alternatives would be considered.

A number of minority shareholders had opposed AmBev's overtures since the offer was first made. Speaking to just-drinks last month, Amit Bhatiani of Duma Capital Partners in New York said that AmBev is not paying "a fair price for what we think Quinsa is worth to us".