InBev today (9 November) announced that its Latin American subsidiary AmBev is to make a voluntary offer to purchase any and all Class A shares and Class B shares of its subsidiary Quinsa, that it does not already own. The offer includes Class B shares held as American Depositary Shares (ADS).

AmBev indirectly owns approximately 97% of the voting interest and approximately 91% of the economic interest in Quinsa.

The commencement of the offer is subject to the prior approval by the Commission de Surveillance du Secteur Financier (the CSSF) of Luxembourg.  The offer will commence as soon as practicable after the CSSF's approval, the company said. The offer will also comply with applicable US Securities Law.

Subject to the CSSF's review, the offer will be made by Beverage Associates Holding Ltd. (BAH), a Bahamian corporation and a wholly-owned subsidiary of AmBev. The purchase price will be US$3.35 per Class A share and $33.53 per Class B share (US$67.07 per ADS). This corresponds to the same price per share paid by AmBev to Beverage Associates (BAC) on 8 August, in a negotiated transaction for the acquisition of BAC's controlling interest in Quinsa.

Following completion, Quinsa will de-list the remaining non-tendered ADSs from the New York Stock Exchange and the remaining non-tendered Class A shares and Class B shares from the Luxembourg Stock Exchange, as well as to terminate the registration of Class B shares.