AmBev Announces the Expiration of the Voluntary Offer to Purchase Any and All Outstanding Shares of Its Subsidiary Quilmes Industrial (Quinsa), Societe Anonyme

Apr 19, 2007, 01:00 ET from AmBev

    SAO PAULO, Brazil, April 19 /PRNewswire-FirstCall/ -- Companhia de
 Bebidas das Americas - AmBev ("AmBev") (BOVESPA: AMBV4, AMBV3; and NYSE:  
 ABV, ABVc) announced the final results of the previously announced
 voluntary offer made by Beverage Associates Holding Ltd. ("BAH"), a
 Bahamian corporation and a wholly-owned subsidiary of AmBev, to purchase up
 to 6,872,480 Class A shares and up to 8,661,207 Class B shares (including
 Class B shares held as American Depositary Shares ("ADSs")) of its
 subsidiary Quilmes Industrial (Quinsa), Societe Anonyme ("Quinsa"). The
 Offer expired at 5:00 p.m., New York City time, on Thursday, April 19,
     At the expiration of the Offer, 2,535,448 Class A shares and 1,618,379
 Class B shares (including Class B shares held as ADSs), representing 0.63%
 of the voting rights of Quinsa, had been tendered in and not withdrawn from
 the Offer. The minimum tender condition of the Offer, which required that
 3,939,387 Class B shares (including Class B shares held as ADSs) be validly
 tendered and not validly withdrawn, was not satisfied and as a result, the
 Offer expired and will be withdrawn without BAH purchasing any Class A
 shares or Class B shares (including Class B shares held as ADSs). All Class
 A shares and Class B shares (including Class B shares held as ADSs) that
 were tendered in the Offer will be returned promptly to the respective
 holders thereof without any action required on the part of the holders.
     The Companies
     Quinsa is the largest brewer in Argentina, Bolivia, Paraguay and
 Uruguay, having a share of the Chilean market as well. It also is the Pepsi
 bottler in Argentina and Uruguay.
     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. BAH is a wholly owned
 subsidiary of AmBev.
 For additional information, please contact the Investor Relations Department:
     Fernando Tennenbaum                              Isabella Amui
        +55 11 2122-1415                            +55 11 2122-1414
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     Statements contained in this press release may contain information that
 is forward-looking and reflects management's current view and estimates of
 future economic circumstances, industry conditions, Company performance,
 and financial results. Any statements, expectations, capabilities, plans
 and assumptions contained in this press release that do not describe
 historical facts, such as statements regarding the declaration or payment
 of dividends, the direction of future operations, the implementation of
 principal operating and financing strategies and capital expenditure plans,
 the factors or trends affecting financial condition, liquidity or results
 of operations, and the implementation of the measures required under
 AmBev's performance agreement entered into with the Brazilian Antitrust
 Authority (Conselho Administrativo de Defesa Economica - CADE) are
 forward-looking statements within the meaning of the U.S. Private
 Securities Litigation Reform Act of 1995 and involve a number of risks and
 uncertainties. There is no guarantee that these results will actually
 occur. The statements are based on many assumptions and factors, including
 general economic and market conditions, industry conditions, and operating
 factors. Any changes in such assumptions or factors could cause actual
 results to differ materially from current expectations.