April 29, 2004
The transaction linking AmBev with Interbrew is the culmination of a lifetime of dealmaking for Marcel Telles, the ferociously competitive Brazilian wheeler and dealer. While the deal has made him and two partners - Jorge Paulo Lemann and Carlos Alberto Sucupira - into billionaires, it is a blow for Latin America's sickly equity markets and a setback in the struggle to improve the region's dire corporate governance standards.
Saúde: Marcelo Telles and John
Brock got what they wanted.
Their decision to sell the company they spent nearly 15 years building into the
Three buccaneers have made a fortune by handing over Brazil's AmBev to Belgium's Interbrew, but few other
shareholders profited much from the deal.