14 May 2001

Some mistake, surely

Instead of the forecast synergies in the order of R$504 million, the merger of Antarctica and Brahma into AmBev seems to require an investment of R$75 million to integrate the operations, distribution and logistics systems of both companies. As the Vice President of AmBev, Victório de Marchi, said these costs were not included in the initial plan for the merger, but were caused by CADE, the government anti-trust body, taking nine months to finally approve of the merger.