Food Industry
Industry: Email Alert RSS FeedAmBev.(Brazilian beverage maker's lawsuit against Coca-Cola regarding merger actions)(Brief Article)
Beverage Industry, March, 2000
AmBev, the worlds fifth-largest beverage company, faced off with the Coca-Cola Co. in a Rio de Janeiro courtroom, accusing the soft drink maker of unfair business practices. AmBev claims that when it evolved from a merger of Brazil's two largest beverage companies last year, CocaCola allegedly sought to influence the Brazilian public against the merger.
Allegedly, Coca-Cola also influenced competitor Companhia Cervejaria Kaiser brewery to voice concerns as well. Coca-Cola owns a minority stake of Kaiser, which said it plans to counter AmBev's complaint with further legal action.
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