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Ambev ADR Representing One Ord Shs ABEV

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 Labatt’s 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.


NYSE:ABEV - Post by User

Post by TheBridgeon Dec 19, 2024 1:40pm
25 Views
Post# 36370712

The Drop

The DropBrazil's Congress watered down de Silva's fiscal plan again and the central bank plans to sell $3 billion in a new spot auction today..........the fourth intervention this week. So, IMO this explains the recent drop in share price and the country's economy has been in a disarray for at least the past year and that has also kept the share price handicapped. This should start turning around sometime in the coming year. I added some at the $2.06 point and plan to wait it out in the hopes of a nice payday somewhere down the road.

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