11 October, 2006

Latin America: Analysts recommend a ‘hold’ rating for Quilmes Industrial S.A.

Quilmes Industrial (Quinsa), S.A. is a beneficiary of the recovering economies in Latin America. In addition, the synergies from the alliance of operations with AmBev have become apparent from the company's latest financial reports, Business Wire released October 06.

Most recently, AmBev increased its ownership of Quinsa to 91%, effectively controlling the company. Though public shareholders most probably will be bought out, the stock has achieved the target price in the mid-50's and is now fairly valued. Hence, a Hold rating is recommended.

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