Dividends & Buybacks ·
Ambev authorizes R$2.9B share buyback of up to 190M shares for cancellation
ABEVAmbev S.A.
The Board of Directors approved a new share repurchase program allowing the acquisition of up to 190,000,000 common shares. The transaction is valued at approximately R$2.9 billion based on the October 28 closing price and represents about 15% of cash and equivalents. Shares will primarily be canceled, with any remaining held in treasury or used for compensation plans. The program runs until April 28, 2028, utilizing capital reserves from the September 30 balance sheet. Ambev operates in the beverage industry.