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.