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| Company type | Publicsubsidiary |
|---|---|
| Industry | Beverage |
| Predecessor | Companhia Cervejaria Brahma Companhia Antarctica Paulista |
| Founded | 1999; 26 years ago (1999) |
| Headquarters | , Brazil |
Area served | Brazil,Latin America,Canada[1][2] |
Key people | Jean Jereissati (chairman &CEO) |
| Products | Beers andsoft drinks |
| Revenue |  US$ 15.2 billion (2022)[3] |
| US$ 2.8 billion (2022)[3] | |
Number of employees | 41,000+[4] |
| Parent | AB InBev |
| Website | www |
Ambev, formallyCompanhia de Bebidas das Américas and Companhia Brasileira de Bebidas, is a Brazilian brewing company now merged intoAnheuser-Busch InBev. Its name translates to "Americas' Beverage Company", hence the "Ambev" abbreviation. It was created on July 1, 1999, with themerger of two breweries,Brahma and Antarctica. The merger was approved by theboard of directors of the BrazilianAdministrative Council for Economic Defense (CADE) on March 30, 2000. The organization's headquarters are in São Paulo, Brazil. It is one of the largest companies by market capitalization in Brazil and in theSouthern hemisphere. Belonging to the Anheuser-Busch InBev group, it is the largest beer manufacturer in the world. It controls about 69% of the Brazilian beer market is the 11th largest company in the country in net revenue and is a manufacturer of soft drinks, energy drinks, juices, teas, and mineral water.[5][6]
It went public in 2004 on the São Paulo Stock Exchange, trading under the ticker ABEV3 onB3.
Ambev was born from the merger between the then competitors Companhia Antarctica Paulista and Companhia Cervejaria Brahma, from Rio de Janeiro, in 1999.[7] Over the years, the company added new brands and breweries, such as the artisanal brewery Wäls from Minas Gerais and the São Paulo-based Colorado.[8]
Ambev operates in 18 countries in the Americas[2] and its products include beers such as Antarctica, Bogotá Beer Company,Brahma, Bohemia,Stella Artois and soft drinks likeGuaraná Antarctica, Soda Antarctica, Sukita and the innovations H2OH! and Guarah. The second largestPepsiCo bottler outside the United States, it sells and distributes PepsiCo products in Brazil and other Latin American countries, includesPepsi,Lipton Ice Tea andGatorade by franchise agreement. According to an analyst at "Share Market Updates" in October 2016, the company operated through Latin America North, Latin America South, and Canada segments.
In 2004, Ambev went public on the São Paulo Stock Exchange, raising approximately R$ 6 billion, with shares traded under the ticker symbols ABEV3 on B3. In 2013, it launched its IPO on theNew York Stock Exchange (NYSE) under the ticker ABEV.
In 2004, Ambev merged with Belgian companyInterbrew to formInBev. In 2008, InBev acquired the American companyAnheuser-Busch to formAnheuser-Busch InBev.[9] Ambev S.A. is currently a subsidiary of Interbrew International B.V., which is in turn a subsidiary of Anheuser-Busch InBev SA/NV.[10]
It has committed to sustainability by setting targets to eliminate plastic pollution in its packaging. The company has invested in eco-friendly alternatives and recycling initiatives to reduce environmental impact.[11]
In 2019, it invested $36 million in building solar plants to power its operations, reducing reliance on non-renewable energy sources. This initiative aligns with the company's commitment to sustainability and lowering carbon emissions.[12]
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