See you again in court
The plans of Brazil’s AmBev to buy a 37.5 per cent economic interest in Quinsa seem to be off, at least temporarily as Heineken presses forward with its legal case postponing the Quinsa - AmBev transaction until at least 15 September 2002. In its ruling in connection with Heineken’s application for an interim injunction, a Luxembourg court has taken due note of the irrevocable undertaking made by Quilmes Industrial (Quinsa) S.A. to the Court in connection with the injunction in Luxembourg and the arbitration commenced by Heineken before the International Chamber of Commerce (ICC). The Luxembourg court however rejected Heineken’s request to order a longer freeze. to refrain from consummating the transactions with AmBev on an interim and permanent basis..
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