Banks Breweries ‘not sold’

Banks Holdings Limited (BHL) says its subsidiary Banks (Barbados) Breweries Ltd has not been sold.

BHL yesterday said a “rumour” claiming that the brewery, now owned by AMBEV, had a new buyer, was “completely false”.

“The rumours that our subsidiary, Banks (Barbados) Breweries Ltd, has been sold are completely false. Banks Holdings Limited and its subsidiaries, remain a part of AMBEV,” an official said.

“We heard this rumour as well when we announced the joint venture distribution company in September.”

Brazil-based AMBEV, through subsidiary SLU Beverages, acquired a majority stake in BHL in 2015 after a takeover battle involving Trinidad and Tobago conglomerate ANSA McAL.

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