A-B InBev closes on Caribbean strategic alliance
Anheuser-Busch InBev (Euronext: ABI; NYSE: BUD) announced today the closing of the transaction between Ambev and E. León Jimenes S.A. (“ELJ”) to form a strategic alliance creating the leading beverage company in the Caribbean. As a result, Ambev Brasil Bebidas S.A. (“Ambev Brasil”), a closely-held subsidiary of Ambev, owns an indirect 41.76% interest in Cervecería Nacional Dominicana S.A. (“CND”), and Ambev will consolidate CND’s results going forward. The acquisition of the 9.3% stake in CND owned by Heineken N.V. (“Heineken”) is also expected to close in the second quarter of 2012.
via press release.
Breweries: A-B InBev
