Cympay had net revenues of US$35 million in 2000 (fiscal year ending June 30), with 266 employees, and operates in three business segments:
BRAZIL: AmBev signs agreement to acquire Nortena; second acquisition in South America this year confirms international expansion plans
Companhia de Bebidas das Americas - AMBEV (NYSE: ABV, ABVc; BOVESPA: AMBV4, AMBV3), the world's fourth largest brewer and fifth largest beverage company, with operations in Brazil, Argentina, Venezuela and Uruguay, today announced that it signed a letter of intent to purchase a 95.3% stake of Uruguay's Cerveceria y Malteria Paysandu SA (Cympay) on November 24, 2000.