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USA: Street Event Signals Trading Of AmBev's ADRs On New York Stock Exchange

13 Sep 2000

AmBev - American Beverage Company, the fifth largest beverage company and the fourth largest beer company in the world, will begin trading its ADRs (American Depositary Receipts) on the New York Stock Exchange (NYSE) starting Friday, Sept. 15. The papers will replace Brahma's ADRs (NYSE: BRH), which have been traded on the NYSE since June 1997. There are currently 5.63 billion shares -- 79.4% of Brahma's total capital stock -- on the market, of which 1.8 billion are traded in the United States as ADRs.Marcel Telles, co-chairman of AmBev's board of directors, and Felipe Dutra, CFO and Investor Relations director, will be in New York on Friday for the event. Telles will participate in NYSE-sponsored ceremonies marking the occasion. Among other events, he will ring the bell at the closing of Friday's trading. Top Brazilian model Gisele Bundchen and Peter Thompson, chairman of Pepsi-Cola International, also will be present during the closing bell ceremony.AmBev will have a stage, decorated as a tropical forest, complete with natural plants, in front of the New York Stock Exchange building on Wall Street. Beginning at 9 a.m., pedestrians will receive cans of Guarana Antarctica, which the company plans to market internationally. This authentic Brazilian soft drink, which originates in the Amazon rainforest, will be distributed to 175 countries through an agreement with Pepsi-Cola International. AmBev will distribute 6,000 cans of Guarana Antarctica on Wall Street.On Friday, Sept. 15, Marcel Telles and Felipe Dutra will be holding a press conference from 2 to 3 p.m. at the New York Stock Exchange (Room 629). More information and photos of the event will be available from PR Newswire (http://www.prnewswire.com).Contacts and RSVP for press conference (prior to event):AmBev Corporate Communications AdvisersSandra Muraki (

BRAZIL: AmBev Announces Shareholders Meeting to Vote Financial Statement And Capital Decrease

7 Sep 2000

Companhia de Bebidas das Americas -- AmBev, today announced that it has summoned an extraordinary shareholders meeting, to be held on September 22, 2000, to consider the approval on the extraordinary financial statement and decrease in paid-in capital in the amount of R$324 million.The purpose of the capital decrease is to absorb the loss of R$232 million registered in the first seven months of 2000 and transfer interest on own capital of R$92 million AmBev to be received from its subsidiary, Companhia Cervejaria Brahma, to its shareholders. The distribution of capital will be R$11,9170 per lot of 1,000 ordinary and preferred shares.

BRAZIL: Brahma and AmBev Schedule Shareholders' Meetings for September 14, 2000

30 Aug 2000

Companhia de Bebidas das Americas - AmBev announced that Brahma and AmBev have scheduled extraordinary shareholders' meetings, in which common shareholders of both companies will be asked to approve a transaction under which Brahma will become a wholly owned subsidiary of AmBev. In that transaction, each share of Brahma will be exchanged for one share of the same type and class of AmBev.

BRAZIL: AmBev Releases Second Quarter 2000 Results

15 Aug 2000

Companhia de Bebidas das Americas -- AmBev, today announced its Brazilian corporate law financial statements for the three months ended June 30, 2000. AmBev is a holding company currently comprised of Companhia Antarctica Paulista -- a wholly owned subsidiary -- and Companhia Cervejaria Brahma, of which AmBev owns 55.1% of the common shares and 21.2% of total capital. AmBev fully consolidated Companhia Cervejaria Brahma since it holds shareholding control of the company. The portion of Brahma not currently owned by AmBev is removed through the minority interest line.

BRAZIL: AmBev and Groupe Danone Sign a Stock Option Purchase Agreement Of an Uruguayan Company

5 Jul 2000

American Beverage Company, through its subsidiary Companhia Cervejaria Brahma, and Groupe Danone have signed a stock option purchase agreement, representing the majority of the Compania Salus common shares, the second largest brewery in Uruguay and the leader in the local mineral water market.Salus produces the Patricia brand and has a 24% market share in Uruguay.

SOUTH AMERICA: Danone and Brahma unite to capture leading Uruguayan beer and water producer

4 Jul 2000

French group Danone and Brahma, the Brazilian beer manufacturer owned by the giant Ambev, could soon take control of the biggest beer maker in Uruguay, Compania Salus.Ambev, the product of a merger between the Brazilian companies Brahma and Antarctica, has issued a statement saying it is negotiating a deal with Danone to purchase a controlling stake in the Uruguayan beer and mineral water company.Analysts believe that if the deal goes ahead, Danone will keep Salus' mineral water operations and Brahma will have Salus' beer producer Patricia, one of the top sellers in the Uruguayan market.

AmBev merger complete but integration will take time

6 Jun 2000

At the end of the 19th century, Sao Paulo was the location of the first 52 breweries in Brazil. During the next 100 years, the beer industry would change and develop to become the national icon that it is today. In a country where beer is more heavily consumed than milk per capita, competitors are concerned that the recent merger of the two largest brewers in Brazil, Antartica and Brahma, will drastically effect the country's beverage market.

USA: Companhia Cervejaria Brahma Conference Call to be Broadcast by Investor Broadcast Network Over the Internet

5 Jun 2000

Companhia Cervejaria Brahma (NYSE: BRH) will broadcast its quarterly results conference call on Tuesday, June 6, 2000 at 11:00 AM Eastern, Investor Broadcast Network announced. This call can be accessed at http://www.vcall.com/NASApp/VCall/EventPage?ID=22569

BRAZIL: AmBev Releases First Quarter 2000 Results

2 Jun 2000

Companhia de Bebidas das Americas -- AmBev, today announced its Brazilian corporate law financial statements for the three months ended March 31, 2000. The information presented is material for Brahma shareholders since AmBev is a holding company currently comprised of Companhia Antarctica Paulista -- a wholly owned subsidiary -- and Companhia Cervejaria Brahma, of which AmBev owns 55.

Tempo of Consolidation in Beer Industry Increasing

10 May 2000

The world's leading brewing groupsmarginally increased their share of the global beer market in 1998 with the top 20accounting for 57% of global sales compared to their share of 48% in 1993, according tothe latest Global Brewer Handbook from Canadean, the leading international beverageanalysts. Most of this share growth has been due to consolidation through mergers andacquisitions. Of particular note are Interbrew's acquisition of Labatt (and throughthem a 30% stake in Mexican brewer FEMSA) and Anheuser-Busch's acquisition of a 50%equity stake in Mexico's largest brewer, Modelo.

Change Brewing in Global Beer Industry

17 Jan 2000

Heineken and South African Breweries are setting the pace of consolidation in global brewing but Carlsberg is looking to play a more active role in the future. The world beer market is highly fragmented and ripe for consolidation with the top twenty players accounting for less than half of sales. The global beer industry has also been slow to internationalise. Many of the world's largest brewers (see Table), such as Anheuser Busch and Miller of the US, Brahma of Brazil, and South African Breweries are still heavily reliant on their domestic markets, where growth opportunities are limited, and have consequently been seeking to expand abroad. Anheuser-Busch generates only about 15% of its volume sales outside the US, in contrast to Heineken, Carlsberg and Interbrew which each earn over 85% of their revenue in foreign markets.

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