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BRAZIL: Schincariol pushes to delay AmBev merger

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Schincariol has filed a request asking that AmBev not be allowed to sell Interbrew's beer brands in Brazil prior to approval of the Belgian brewer's merger with AmBev. The Brazilian brewer filed the request with the Administrative Council of Economic Defense (CADE) yesterday.

Schincariol has argued that AmBev should wait until the CADE issues a formal ruling on the merger before distributing Interbrew's brands in Brazil or having access to the Belgian company's funds.

Schincariol has attempted to derail the deal since it was announced earlier this year, although, last week, Brazil's Finance Ministry's SEAE antitrust agency recommended that the CADE approve the deal.

The Brazilian brewer, the country's second-largest beer maker after AmBev, believes that the merger would damage Brazil's beverage market.


Sectors: Beer & cider

Companies: Anheuser-Busch InBev

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