The company holds licensing agreements with Anheuser-Busch InBev (ABI) and some of its subsidiaries, including Grupo Modelo and Spaten-Franziskaner-Bräu GmbH, authorizing the production, bottling, importation, promotion, sale, and distribution of its main products within the Group's operating territories. Conversely, the company grants licenses to ABI and its subsidiaries to distribute its primary products, such as Brahma, in their respective territories. In November 2021, Ambev and ABI established guidelines concerning royalties and transfer pricing policies related to the production, importation, distribution, and sale of finished products by each other's subsidiaries. Subsequent agreements in 2025 addressed intercompany royalty payments, progressive rate adjustments, and licensing agreement frameworks. All terms were determined on an arm’s length basis and received approval from the Governance Committee and the Board of Directors. Details of the licensing agreements and related transactions are disclosed in Note 30 of the consolidated financial statements. Suppliers referenced in filings include ABI, Ambev, Grupo Modelo, and Spaten-Franziskaner-Bräu GmbH.
Ambev S A's Comment on Supply Chain
The company holds licensing agreements with Anheuser-Busch InBev (ABI) and some of its subsidiaries, including Grupo Modelo and Spaten-Franziskaner-Bräu GmbH, authorizing the production, bottling, importation, promotion, sale, and distribution of its main products within the Group's operating territories. Conversely, the company grants licenses to ABI and its subsidiaries to distribute its primary products, such as Brahma, in their respective territories. In November 2021, Ambev and ABI established guidelines concerning royalties and transfer pricing policies related to the production, importation, distribution, and sale of finished products by each other's subsidiaries. Subsequent agreements in 2025 addressed intercompany royalty payments, progressive rate adjustments, and licensing agreement frameworks. All terms were determined on an arm’s length basis and received approval from the Governance Committee and the Board of Directors. Details of the licensing agreements and related transactions are disclosed in Note 30 of the consolidated financial statements. Suppliers referenced in filings include ABI, Ambev, Grupo Modelo, and Spaten-Franziskaner-Bräu GmbH.
Sources:
Ambev S a 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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