Quilmes Industrial (Quinsa), S.A. Will Not Contest Delisting of American Depository Shares by the NYSE
February 21 2008 - 9:02AM
PR Newswire (US)
LUXEMBOURG, Feb. 21 /PRNewswire-FirstCall/ -- Quilmes Industrial
(Quinsa), Societe Anonyme ("Quinsa") announced today that its Board
of Directors unanimously determined in a board meeting yesterday
that it will not contest the decision by the New York Stock
Exchange (the "NYSE") to delist the American Depositary Shares of
Quinsa (NYSE:LQU). The NYSE had previously announced that 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 CONTACT: Guillermo Zuzenberg,
Quilmes Industrial S.A. (Quinsa), +011-5411-4349-1846 Web site:
http://www.quinsa.com/
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