The Brazilian drinks group, AmBev, intends to expand its influence further in Latin America with the agreement of a distribution alliance with the regional Pepsi bottler, Central American Bottling Corporation (CabCorp). According to the agreement the joint venture distribution company will distribute AmBev’s beer brands in Central America and the Caribbean, undeveloped markets for AmBev. CabCorp activates in Guatemala, Honduras, El Salvador and Nicaragua.

AmBev spokesman said: "The new company will strengthen CabCorp in the competitive Central American drinks market and provide AmBev a quick and low risk way in to the beer industry of the region,"

Now, AmBev, the world’s fifth largest beer group, owns breweries in Uruguay, Paraguay and Venezuela. If the company’s pending deal with Quilmes is approved, AmBev will also be present in Argentina.

11 September, 2002