Carlos Laboy's questions to Ambev SA (ABEV) leadership • Q2 2024
Question
Carlos Laboy questioned the rationale for Ambev remaining a publicly listed company, citing its low valuation multiple compared to peer transactions. He asked if conditions exist for Ambev to retire its float or for parent company ABI to tender for the shares.
Answer
Executive Lucas Lira responded that from Ambev's perspective, being a listed entity in Brazil provides value due to its significant local presence. He also emphasized its importance for talent attraction and retention via share-based compensation. Lira noted that future share buybacks are an alternative that the Board will consider at the end of the year as part of its capital allocation review.