Quilmes Industrial (Quinsa), S.A. Receives Notice from NYSE of Suspension of Trading and Application to Delist American Deposito
February 14 2008 - 5:20PM
PR Newswire (US)
LUXEMBOURG, Feb. 14 /PRNewswire-FirstCall/ -- Quilmes Industrial
(Quinsa), Societe Anonyme ("Quinsa") was informed today that the
New York Stock Exchange (the "NYSE") has issued a press release
announcing the suspension in trading of the American Depositary
Shares of Quinsa (NYSE:LQU). The NYSE announced that, following
suspension, it would make an application to the U.S. Securities and
Exchange Commission to delist the issues. The NYSE said it normally
considers suspending and removing from its list the securities of a
company when the number of outstanding American Depositary Shares,
representing common securities, is less than 600,000. Quinsa had
advised the NYSE that 114,311 American Depositary Shares remained
outstanding after the expiration of the public tender offer by
Companhia de Bebidas das Americas - AmBev ("AmBev"). 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 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 Quinsa'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 (Quinsa), Societe Anonyme CONTACT: Guillermo Zuzenberg,
Quilmes Industrial (Quinsa), +011-5411-4349-1846 Web site:
http://www.quinsa.com/
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