On the Record · Ambev

Ambev acquisitions, on the record

The businesses Ambev bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Labatt Word for word“In August 2004, we and a Belgian brewer called Interbrew S.A./N.V. (as ABI was then called) completed a business combination that involved the merger of an indirect holding company of Labatt, one of the leading brewers in Canada, into us.” 20-F for 2023	merger	August 2004	—
Quinsa Word for word“In April 2006, we increased our equity interest in Quinsa to 91% of its total share capital, after which we started to fully consolidate Quinsa upon the closing of that transaction in August 2006.” 20-F for 2023	acquisition	August 2006	—
Bebidas y Aguas Gaseosas Occidente S.R.L. Word for word“In March 2009, we acquired 100% of Bebidas y Aguas Gaseosas Occidente S.R.L., from SAB (through Quinsa) becoming the exclusive bottler of Pepsi in Bolivia.” 20-F for 2023	acquisition	March 2009	—
CND Word for word“We currently lead the beer market in the Dominican Republic after our acquisition of CND, with a leading portfolio of brands such as Presidente , Presidente Light, Brahma Light , Bohemia , The One , Corona , Modelo Especial , Stella Artois and Budweiser .” 20-F for 2023	acquisition	—	—
breweries Colorado and Wäls Word for word“He led the acquisition and integration of breweries Colorado and Wäls in Brazil.” 20-F for 2023	acquisition	—	—
App Bar, Siempre en Casa and Craft Society Word for word“In LAS, Ta Da in Argentina, which resulted from the merger of App Bar with other Direct-to-Consumer platforms named Siempre en Casa and Craft Society , continued to grow in 2023.” 20-F for 2023	merger	—	—
Old Ambev Word for word“On July 30, 2013, the minority shareholders of Old Ambev approved a stock swap merger of Old Ambev with us, according to which each and every issued and outstanding common and preferred share of Old Ambev not held by Ambev S.A. (including in the form of ADSs) was exchanged for five newly issued common shares of Ambev S.A. (including in the form of ADSs).” 20-F for 2024	merger	July 30, 2013	—
Old Ambev and one of its majority-owned subsidiaries Word for word“In January 2014, and as a subsequent step of the stock swap merger, an upstream merger of Old Ambev and one of its majority-owned subsidiaries with and into Ambev S.A. was consummated.” 20-F for 2024	merger	January 2014	—
App Bar Word for word“In LAS, TaDa in Argentina, which resulted from the merger of App Bar with other Direct-to-Consumer platforms named Siempre en Casa and Craft Society , had a challenging 2024 due to the economic situation of the country.” 20-F for 2024	merger	—	—
subsidiary in CAC Word for word“Such decrease in our effective tax rate in 2025 was primarily due to the sale of our subsidiary in CAC, partial reversal of a tax liability recognized in connection with the Brazilian 2017 Amnesty Program and certain income tax incentives.” 20-F for 2025	divestiture	—	—

Read from Ambev’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.