Transactions & Finance

AB InBev Buys 100% of AmBev Perú

AmBev S.A. closed the sale of 100% of its stake in Compañía Cervecera Ambev Perú to a subsidiary of the Belgian-Brazilian brewery company Anheuser-Busch InBev. The transaction, which was completed on December 19th 2016, and included the cost base certification process before the Peruvian National Superintendency of Customs and Tax Administration (Sunat), totalled $64,729,800.

AmBev S.A. closed the sale of 100% of its stake in Compañía Cervecera Ambev Perú to a subsidiary of the Belgian-Brazilian brewery company Anheuser-Busch InBev. The transaction, which was completed on December 19th 2016, and included the cost base certification process before the Peruvian National Superintendency of Customs and Tax Administration (Sunat), totalled $64,729,800.


The operation was part of the $106 billion merger of AB InBev and its South African rival SABMiller, announced in October 2015. In this case, the merger of AB InBev and SAB Miller involved the reorganization of the Peruvian brewing business, where AmBev Perú has between 4% and 6% of the beer market and Backus, SAB Miller's subsidiary in the country, has a 90% market share.

 

Ambev and Compañía Cervecera Ambev Perú were represented by Rebaza, Alcázar & De Las Casas in Lima and Skadden, Arps, Slate, Meagher & Flom LLP in New York. AB InBev was assisted by Cravath, Swaine & Moore LLP, in New York.

Read the full Special Report: Peru: International Firms Reshaping Legal Market

Peru is considered one of the leading emerging markets in the region in terms of economic development and despite the economic slowdown the prospects are better than in neighboring countries. According to the IMF Peru will grow at a faster rate than Chile, Colombia and Mexico. The recently elected president should provide a basis for this notably through several infrastructure projects that should launch in the coming years.

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