18 July, 2006

India: InBev's JV in India has minor short-term impact on company’s ratings

Bank Degroof said news of InBev's joint venture in India is a good step forward to gain access to a fast-growing market, Dow Jones Newswires communicated July 18. Accordingly, Bank Degroof said the financial impact is, however, likely to be immaterial in the short-term. It keeps the ‘hold’ rating, EUR40 target price. Shares traded +1.3% at EUR37.85 July 18.

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