Beverages - Brewers
Grupo Modelo SAB de CV Issues Prospectus On Corporate Restructuring And Divestiture Of Certain Assets, Including Sale Of Total Stake In Crown Imports LLC To Constellation Brands Inc
Grupo Modelo SAB de CV announced that it has issued the Prospectus on its Corporate Restructuring, which consists of carrying out divestiture of certain assets of the Company, and in particular confirming the sale of the total stake which the Company holds, through GModelo Corporation Inc., in Crown Imports LLC to Constellation Brands Inc; the sale of the brewery of Piedras Negras, Coahuila, through the sale of 100% of Compania Cervecera de Coahuila S de RL de CV and Servicios Modelo de Coahuila S de RL de CV; other operations related with the sale of Crown and Piedras Negras.
Companhia de Bebidas das Americas AmBev to Transfer All Shares to Ambev SA
Companhia de Bebidas das Americas AmBev announced that on May 10, 2013, its Board of Directors approved the transfer of all shares of the Company to Ambev SA, controlled by Interbrew International B.V. (IIBV), a subsidiary of Anheuser-Busch InBev S.A./N.V. (ABI), in order to migrate the shareholding structure of the Company which includes both ordinary and preferred shares to a structure composed uniquely by ordinary shares. Probably, shares of Ambev SA will be listed on the tradition segment of Bovespa after the registration of Ambev SA as an issuer of securities category A. Moreover, American Depositary Receipts (ADRs) of Ambev SA to be received by holders of ADRs of the Company, will also be listed on New York Stock Exchange (NYSE). One share or ADR of the Company will give its holder right to receive five shares or ADRs of Ambev SA. Holders of preferred shares of the Company will receive ordinary shares of Ambev SA. The Company does not hold shares of Ambev SA. Apsis Consultoria Empresarial Ltda was contracted by Ambev SA to prepare appraisal report. Dissident shareholders may exercise the withdrawal right and will receive BRL 9.231 per share.
Heineken NV Signs Joint Venture Agreement in Myanmar
Heineken NV announced that it has entered into a local joint venture agreement with privately-owned Alliance Brewery Company Ltd (ABC) to brew and sell Heineken beers in Myanmar. ABC is majority-owned by Aung Moe Kyaw, a local entrepreneur. The new joint venture company, APB Alliance Brewery Company Limited, which will build a new greenfield brewery in the country, has been approved by the Myanmar Investment Committee (MIC). Under the terms of the agreement, Heineken NV, through its subsidiary Asia Pacific Breweries Limited, will have a controlling 57% stake in the new joint venture company and be responsible for overall management, providing brewing and technical knowledge, procurement of ingredients and the licensing of brands. The brewery will be located near the country's capital Yangon and is expected to be operational by the end of 2014. The joint venture company plans to invest USD 60 million in the brewery, create more than 400 jobs and brew a number of brands, including Heineken.
R&I Affirms Kirin Holdings Co Ltd's Rating at "A+"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Kirin Holdings Company, Ltd. at "A+". The rating outlook is stable.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Bohai Securities Co.,Ltd.
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$115.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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