S&P: AmBev unchanged

Standard & Poor's said its ratings and outlook on AmBev-Companhia de Bebidas das Americas (AmBev, BBB/positive), are not affected by the announcement that its subsidiary, Labatt Brewing Co. Ltd. has entered into a support agreement to acquire Lakeport Brewing Income Fund.

Labatt has offered to pay C$28.00 per unit of Lakeport for a total of C$201.4 million, the agency said, noting that the proposed acquisition will consolidate Labatt's portfolio in the Ontario region, which has been characterized by intense competition from discount brands and can be comfortably absorbed by Labatt's strong financial performance.

S&P said it does not expect any major change in AmBev's consolidated financial strategy due to the acquisition.

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