NEW YORK, Nov. 18, 2013 /PRNewswire/ -- BNY Mellon, the
global leader in investment management and investment services, has
been appointed by Ambev S.A. as depositary bank for its American
Depositary Receipt (ADR) program. Each Ambev ADR represents one
ordinary share and trades on the New York Stock Exchange under the
symbol "ABEV." Ambev's ordinary shares trade on the BM&F
Bovespa under the symbol "ABEV3."
Ambev and its subsidiaries produce, distribute and sell beer,
carbonated soft drinks, and other non-alcoholic and non-carbonated
products in 16 countries across the Americas. The company conducts
its operations through three business units: Latin America North
includes Ambev operations in Brazil, Central
America and the Caribbean;
Latin America South includes operations in South America outside Brazil; and Canada is represented by Labatt's operations
and includes domestic sales in Canada.
"Our broad experience with complex corporate reorganizations
involving DRs will be brought to bear in supporting this important
milestone in Ambev's history," said Christopher Kearns, CEO of BNY Mellon's
Depositary Receipts business. "We look forward to further helping
the company tap into the U.S. and global investment
communities."
BNY Mellon acts as depositary for more than 2,700 American and
global depositary receipt programs, acting in partnership with
leading companies from 68 countries. BNY Mellon is committed to
helping securities issuers access the world's rapidly evolving
financial markets and delivers a comprehensive suite of depositary
receipt services. Learn more at www.bnymellon.com/dr
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of Sept. 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or
administration, and $1.5 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Learn more at www.bnymellon.com, or follow us on Twitter
@BNYMellon.
This release is for informational purposes only. BNY Mellon
provides no advice nor recommendation or endorsement with respect
to any company or securities. Nothing herein shall be deemed to
constitute an offer to sell or a solicitation of an offer to buy
securities. Depositary Receipts: Not FDIC, State or Federal Agency
Insured; May Lose Value; No Bank, State or Federal Agency
Guarantee.
Contact:
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Joseph F. Ailinger
Jr.
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Dori
Flanagan
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+1
617-722-7571
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+1
212-815-2291
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joe.ailinger@bnymellon.com
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dori.flanagan@bnymellon.com
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SOURCE BNY Mellon