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INBEV
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InBev est une entreprise cotée en bourse (Euronext : INB) basée à Leuven, Belgique. Ses origines remontent à 1366. De nos jours, elle est le plus grand brasseur du monde par volume. La stratégie de InBev consiste à renforcer ses plates-formes locales par l'établissement de positions solides sur les principaux marchés brassicoles du monde. La croissance interne, une efficacité hors pair, la croissance externe stratégique et la priorité donnée à ses consommateurs en sont les instruments. Forte d’un portefeuille de plus de 200 marques dont Stella Artois®, Brahma®, Beck's®, Leffe® et Skol® - la troisième bière la plus vendue au monde, InBev emploie quelque 85 000 collaborateurs et déploie ses activités dans plus de 30 pays sur le continent américain, en Europe et dans la zone Asie Pacifique. En 2005, InBev a réalisé des produits de 11,7 milliards d’euros.



Brussels, 31 October 2007
InBev’s sale to Cofinimmo of a controlling stake in Immobrew, InBev’s principal real estate holding company in Belgium and the Netherlands, successfully closed
InBev (Euronext/INB) announces the closure of the transaction with Cofinimmo (Euronext/COFB) under which Cofinimmo has acquired a 90% interest in Immobrew S.A./N.V., a subsidiary of InBev Belgium that directly owns 823 pubs in Belgium and indirectly owns 245 pubs in the Netherlands, for an aggregate of 419 million euro, on a debt and cash free basis. At the same time, InBev Belgium and InBev Netherlands have entered into master lease agreements with Immobrew and its Netherland affiliates with respect to these pubs. 
This sale is consistent with InBev’s commitment to free up capital invested in non-core activities and will allow us to concentrate on winning with consumers, via our beer brands.
InBev Belgium retains a 10% interest in Immobrew, to be renamed Pubstone SA/NV. Immobrew holds a master lease agreement (commercial type) of 27 years (plus renewal mechanism) with InBev Belgium for an initial rent of 17.4 million euro per annum (indexed to CPI). Substantially similar master lease agreements are in place with affiliates of Immobrew with respect to the Netherlands pubs for an initial rent of 9.2 million euro per annum (indexed to CPI). The sale results in an estimated one-time gain of 334 million euro as compared to the book value.

17/09/07 InBev announces Zone leadership changes
InBev (Euronext: INB) announced today that Miguel Patricio has been appointed Zone President Asia Pacific, and will lead the team there on the next steps toward developing a sustainable and profitable platform for our business. 
Miguel has been Zone President North America since January 2006, during which time he has provided strong leadership and guidance in strengthening the Zone’s disciplined sales execution and in preparing the business for long-term competitiveness. He joined the company in 1998, having had previous international experience with Philip Morris, Coca-Cola and Johnson & Johnson in Brazil, Central America and the United States. 
Miguel’s successor in North America will be Bernardo Pinto Paiva.
Bernardo, who joined the company in 1991 and is a former management trainee, is currently Head of Sales for the company’s largest business unit – Brazil. He becomes the newest member of the Executive Board of Management and brings with him a track record of leadership experience in Supply, Sales and Distribution, as well as Finance. 
Reflecting the importance of China in InBev’s global footprint, Dirk Moens, who has built a strong foundation for our growth in Asia Pacific since taking over as Zone President in May 2006, will remain in Shanghai and is appointed Chairman InBev China. In this role Dirk will provide support to Miguel in strengthening relationships with the government, joint venture partners and other key stakeholders, leveraging his vast knowledge of our Chinese operations and the market.
All of these changes will be effective January 1, 2008. 

30/08/07 InBev (Euronext: INB), the world’s leading brewer, announced today its results for the second quarter 2007 (2Q07):
§         Volume growth: beer sales volume grew organically by +4.6% in 2Q07 year-on-year (yoy). Challenging conditions prevailed in Western Europe and North America, while volumes grew in the other Zones.
§         Top line growth exceeded volume growth: revenue increased organically by 7.6% during 2Q07, as a result of volume growth and a 2.5% increase in revenue per Hl, or +4.1% eliminating the impact of the change in geographic mix.
§         Persistent tight grip on costs and expenses: 2Q07 cost of sales (CoS) were impacted by some commodity cost pressures, leading to an increase in CoS per Hl of 3.6%, year-on-year. Operating expenses declined by 1.8% on an organic basis, as a consequence of our ongoing focus on identifying and reducing non-working expenses.
§         Double digit EBITDA growth and further margin expansion: normalized EBITDA grew organically by 16.5%, resulting in an EBITDA margin of 33.1% in 2Q07 versus 30.8% in 2Q06, an organic increase of 253 basis points and a sixth consecutive quarter of margin expansion. Importantly, all Zones achieved organic EBITDA growth during 2Q07, reflecting InBev’s ongoing objective to achieve balanced growth across its operations.
§         Strong increase in net profits: normalized profit attributable to equity holders of InBev increased by 21% on an absolute basis to 477 million euro.
§         Returning cash to shareholders: InBev acquired 191 million euro of InBev shares during the second quarter as part of a share buyback program of up to 300 million euro which was completed as of August 2007. Today, InBev announces that its Board of Directors authorized the commencement of a new share buyback program, for an amount of up to 300 million euro which will run until October 2008.

20/04/07 InBev announces the expiration of AmBev’s voluntary offer to purchase all outstanding shares of its subsidiary Quilmes Industrial S.A. (“Quinsa”)
InBev (Euronext: INB) confirms that AmBev 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), Société Anonyme (“Quinsa”).  The Offer expired at 5:00 p.m., New York City time (which is 11:00 p.m. Luxemburg Time), on Thursday, April 19, 2007. 
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

03/04/07 Brussels, April 3, 2007
InBev announces AmBev’s decision to extend the period of the voluntary offer to purchase the outstanding shares of its subsidiary Quilmes Industrial S.A. (“Quinsa”)
InBev (Euronext: INB) today announced that AmBev has extended the period of the 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), Société Anonyme (“Quinsa”), which represent the outstanding Class A shares and Class B shares (and Class B shares held as ADSs) that are not owned by AmBev or its subsidiaries, at a purchase price of U.S.$3.35 per Class A share and U.S.$33.53 per Class B share (U.S.$67.07 per ADS), net to the seller in cash (less any amounts withheld under applicable tax laws), without interest, to 5:00 p.m., New York City Time (which is 11:00 p.m. Luxembourg Time), on April 19, 2007. 
AmBev and BAH have prepared a supplement (the “Supplement”) to the Offer Document which will be mailed to shareholders and will be available for free at www.sec.gov and  www.ambev-ir.com. The offer period is extended to allow shareholders the opportunity to review the Supplement prior to making their decision.

01/03/07 Delivering on Commitments 
InBev (Euronext : INB), le plus grand brasseur du monde, présentait aujourd’hui ses résultats de l’exercice complet 2006 (EX06) et du quatrième trimestre 2006 (4T06) : Croissance interne des volumes : la croissance interne du volume des ventes de bières a atteint +5,5% pour l’EX06, supérieure à la croissance globale de l’industrie ; et +6,1% au 4T06, d’année en année.
Initiatives payantes en matière de produits : les produits ont augmenté en interne de 7,9% durant l’EX06 et de 8,2% pour 4T06, conformément à notre objectif d’augmenter davantage les produits par rapport aux volumes.

01/12/06 InBev and Anheuser-Busch reach agreement for European import brands in United States
Anheuser-Busch to import Beck’s, Bass, Stella Artois, other InBev European brands
St. Louis, 30 november 2006 - Brussel, 1 december 2006
Anheuser-Busch (NYSE: BUD) will become the exclusive U.S. importer of a number of InBev’s (Euronext: INB) premium European import brands, including Stella Artois®, Beck’s®, Bass Pale Ale®, Hoegaarden®, Leffe® and other select InBev brands, the two brewers announced today.
Effective February 1, 2007, Anheuser-Busch will import these premium brands and be responsible for their sales, promotion and distribution in the United States. These InBev brands, which had sales volumes of about 1.9 million hectoliters (or about 1.5 million barrels) in 2005, will be available to Anheuser-Busch’s U.S. wholesaler network where possible. 
InBev’s Canadian brands, including Labatt Blue® and Labatt Blue Light®, as well as Brahma®, are not included in the agreement. Working closely with Labatt Breweries of Canada, InBev USA will continue to market and sell the Labatt and Brahma brands through a separate distribution network.
Terms of the agreement were not disclosed.
“This agreement gives us highly-valued brands that appeal to beer drinkers looking for sophisticated imports in their beer choices,” said August A. Busch IV, president and chief executive officer of Anheuser?Busch Cos. Inc. “We live in a world with diverse cultures and lifestyles, and this provides additional variety for our consumers. These well-known import brands complement our company’s leading portfolio of American premium beers and enable our company to better compete.  This is consistent with our stated strategy of enhancing our participation in the U.S. high-end beer segment.”
“By securing access to Anheuser-Busch’s world-class sales and distribution system, this agreement will enhance opportunities for U.S. consumers to experience the unique values of our premium European import brands, and further accelerate their growth,” said Carlos Brito, CEO, InBev. “This is another step in InBev’s mission to create enduring bonds with our consumers throughout the world.”
Doug Corbett, president of InBev USA, said: “InBev USA remains fully committed to the Labatt Canadian brands and to Brahma. These are great brands with a lot of potential and this agreement will allow us to focus on growing them in their markets.”

09/11/06 InBev confirme une amélioration des marges au troisième trimestre 2006 
 

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