Quilmes Industrial S.A. (Quinsa) Announces the Expiration of AmBev's Voluntary Offer to Purchase Any and All Outstanding Shares
February 12 2008 - 3:13PM
PR Newswire (US)
LUXEMBOURG, Feb. 12 /PRNewswire-FirstCall/ -- Quilmes Industrial
(Quinsa), Societe Anonyme ("Quinsa") was informed today that
Companhia de Bebidas das Americas -- AmBev ("AmBev") has issued a
press release announcing the expiration and results of the
voluntary offer to purchase up to 5,483,950 Class A shares and up
to 8,800,060 Class B shares (including Class B shares held as
American Depositary Shares ("ADSs")) of Quinsa, which represent the
outstanding Class A shares and Class B shares (and Class B shares
held as ADSs) that are not owned by AmBev or its subsidiaries (the
"Offer"). The Offer expired at 5:00 p.m. EST (11:00 p.m. Luxembourg
time) on Monday, February 11, 2008. AmBev has announced that it has
accepted for purchase the 3,136,001 Class A shares and
8,239,536.867 Class B shares (including 7,236,336.867 Class B
shares held as ADSs) of Quinsa, representing 57% of the outstanding
Class A shares and 94% of the outstanding Class B shares of Quinsa
not owned by AmBev or its subsidiaries, that were validly tendered
and not validly withdrawn in the Offer. AmBev has announced that
the settlement of the offer will occur on February 15, 2008, and
that upon settlement of the Offer, AmBev's voting interest in
Quinsa will be 99.56% and its economic interest will be 99.26%.
Quinsa will file amendments to its Schedule 13E-3 and Schedule
14D-9, each relating to the Offer, with the U.S. Securities and
Exchange Commission to report the results of the Offer. These
documents are available at http://www.sec.gov/ and
http://www.quinsa.com/ and may be obtained free of charge at the
registered office of Quinsa in Luxembourg at the address referred
to above. 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 Company'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. The Company 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/ ABOUT AMBEV AmBev is the largest
brewer in Brazil and in South America through its beer brands Skol,
Brahma and Antarctica. AmBev also produces and distributes soft
drink brands such as Guarana Antarctica, and has franchise
agreements for Pepsi soft drinks, Gatorade and Lipton Ice Tea.
AmBev has been present in Argentina since 1993 through Brahma.
CONTACT: Guillermo Zuzenberg Quilmes Industrial S.A. (Quinsa)
+5411-4349-1846 DATASOURCE: Quilmes Industrial S.A. CONTACT:
Guillermo Zuzenberg of Quilmes Industrial S.A. (Quinsa),
+011-5411-4349-1846 Web site: http://www.quinsa.com/
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