Shares of Ambev SA, the Brazilian unit of Anheuser-Busch InBev NV, soared the most in over 27 years after stronger-than-expected beer volumes in the South American nation drove a beat in first quarter earnings.
Shares of Ambev SA, the Brazilian unit of Anheuser-Busch InBev NV, soared the most in over 27 years after stronger-than-expected beer volumes in the South American nation drove a beat in first quarter earnings.
Bottles on the beer production line at the Ambev SA bottling facility in Sao Paulo, Brazil, on Thursday, Nov. 5, 2020. Ambev, the unit of Anheuser-Busch InBev that operates in 16 countries, said its Brazil beer volume surged 25% in the third quarter from a year earlier after Brazilians used emergency stipends to boost sales.
Anheuser-Busch InBev offset a slump in volumes in western markets with growth in Africa and South America, alongside stronger sales of premium beer.
The Anheuser-Busch InBev NV logo on beer barrels at the AB Inbev beverage distribution depot in Leuven, Belgium, on Tuesday, May 4, 2021. AB Inbev reports first quarter earnings on May 6. Photographer: Olivier Matthys/Bloomberg
Anheuser-Busch InBev SA/NV will reacquire a 49.9% stake in its US metal container plants from a consortium of institutional investors led and advised by Apollo Global Management Inc. in a deal estimated to be around $3 billion.
Anheuser-Busch InBev SA/NV will reacquire a 49.9% stake in its US metal container plants from a consortium of institutional investors led and advised by Apollo Global Management Inc. in a deal estimated to be around $3 billion.
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