Argentina: Quilmes Industrial plans to sell assets to Argentine group Inversora Cervecera in order to comply with anti-trust rule
InBev announced October 13 that Quinsa has selected Inversora Cervecera, a consortium headed by Mr. Ernesto Gutierrez, to acquire the Palermo, Bieckert and Imperial brands, and the Lujan brewery.
The sale of these assets was required by Argentine anti-trust authorities in connection with the approval of the strategic alliance with AmBev in 2003. Quinsa has submitted the transaction to Argentine anti-trust authorities for approval.
Quinsa is the largest brewer in Argentina, Bolivia, Paraguay and Uruguay, having a share of the Chilean market as well. It also is the main Pepsi bottler in Argentina and Uruguay. AmBev has a more than 91 percent stake in Quinsa, a Luxembourg-based holding company.
AmBev, short for Companhia de Bebidas das Americas, is Latin America's largest brewer and the Brazilian unit of global brewer leader InBev. It makes Brazil's three best-selling beers: Skol, Brahma and Antarctica.
InBev is a publicly traded company based in Leuven, Belgium. The company's origins date back to 1366, and today it is the leading global brewer by volume. InBev's strategy is to strengthen its local platforms by building significant positions in the world's major beer markets through organic growth, world-class efficiency, targeted external growth, and by putting consumers first. InBev has a portfolio of more than 200 brands, including Stella Artois®, Brahma®, Beck's®, Leffe® and Skol® - the third-largest selling beer brand in the world. InBev employs some 85 000 people, running operations in over 30 countries across the Americas, Europe and Asia Pacific. In 2005, InBev realized EUR11.7 billion of revenue.
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