Quinsa Receives Notice of AmBev's Plan to Tender for Quinsa's Class A and Class B Shares (Including ADSs) Not Already Owned by A
December 22 2007 - 12:33AM
PR Newswire (US)
LUXEMBOURG, Dec. 22 /PRNewswire-FirstCall/ -- Quilmes Industrial
Societe Anonyme ("Quinsa") announced today that it received notice
that the board of directors of Companhia de Bebidas das Americas -
AmBev ("AmBev") has approved a plan to make a voluntary tender
offer to purchase any and all Class A shares and Class B shares
(including Class B shares held as American Depositary Shares
("ADSs") of Quinsa that are not owned by AmBev or its subsidiaries
(the "Offer"). AmBev indicated that it will offer US$4.0625 per
Class A share, US$40.625 per Class B share (US$81.25 per ADS) upon
the terms and subject to the conditions to be included in an offer
to purchase. In the event that at least 5,968,722 Class B shares
(including Class B shares held as ADSs) are tendered (and not
validly withdrawn), the purchase price will be increased to US$
4.125 per Class A share, US$41.25 per Class B share (US$82.50 per
ADS). Quinsa announced that its board of directors would consider
the terms of the Offer promptly after AmBev delivers its offer to
purchase to Quinsa and that, no later than 10 business days
thereafter, Quinsa will advise its shareholders with respect to the
Offer. ABOUT QUINSA Quinsa is a Luxembourg-based holding company
that controls approximately 93% of Quilmes International (Bermuda)
("QIB"). The remaining stake is held by AmBev. Quinsa, through QIB,
controls beverage and malting businesses in five Latin American
countries. Its beer brands are strong market leaders in Argentina,
Bolivia, Paraguay and Uruguay, and have a presence in Chile.
Further, pursuant to the Quinsa's strategic alliance with AmBev, it
has entered into license and distribution agreements to produce and
sell in Argentina, Bolivia, Chile, Paraguay and Uruguay the AmBev
brands. Similarly, under the agreements, AmBev may produce and
distribute Quinsa's brands in Brazil. Quinsa also has bottling and
franchise agreements with PepsiCo, and thus accounts for 100% of
PepsiCo beverage sales in both Argentina and Uruguay. Quinsa's
Class A and Class B shares are listed on the Luxembourg Stock
Exchange (Reuters codes: QUIN.LU and QUINp.LU). Quinsa's American
Depositary Shares, representing the Company's B shares, are listed
on the New York Stock Exchange (NYSE:LQU). Quinsa's web address:
http://www.quinsa.com/ CONTACT: Guillermo Zuzenberg Quilmes
Industrial S.A. (Quinsa) +5411-4349-1700 ext. 1907 DATASOURCE:
Quilmes Industrial (Quinsa) S.A. CONTACT: Guillermo Zuzenberg,
Quilmes Industrial S.A. (Quinsa), +011-5411-4349-1700, ext. 1907
Web site: http://www.quinsa.com/
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