Tranche Update on Ambev S.A.'s Equity Buyback Plan announced on May 19, 2023.
May 16, 2024
Share
From May 19, 2023 to May 16, 2024, the company has repurchased 13,000,000 shares, representing 0.08% for BRL 176.31 million. With this, the company has completed the repurchase of 13,000,000 shares, representing 0.08% for BRL 176.31 million under the buyback announced on May 19, 2023.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces, distributes and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company's activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, El Salvador, Honduras, Nicaragua, Barbados and Panama; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile; and Canada, represented by Labattâs operations, which comprises sales in Canada and some exports to the U.S. market. The Company markets products under various brand names, such as Adriatica, Brahma, Leffe, Budweiser, Corona, PepsiCo and Lipton. It is a subsidiary of Interbrew International BV.