Sin is in.Philip Morris International Philip Morris International, (PMI) based in Lausanne, Switzerland, held a 15.5% share of the international cigarette market in 2005. Its brands, led by Marlboro and L&M, are sold in over 160 countries around the world. , a U.S.-controlled tobacco company, said it plans to buy for US$310 million a controlling stake in Colombian tobacco grower Coltabaco. Colombian antitrust and stock market regulators must approve the purchase. Mexican bottler and brewer FEMSA FEMSA Fomento Económico Mexicano, SA FEMSA Fire and Emergency Manufacturers and Services Association Inc. FEMSA Female Education in Maths and Science in Africa formally took control of a 30% stake in its brewery unit once held by Interbrew, a Belgian brewer, worth $1.25 billion. FEMSA severed sev·er v. sev·ered, sev·er·ing, sev·ers v.tr. 1. To set or keep apart; divide or separate. 2. To cut off (a part) from a whole. 3. all ties with Interbrew once the Belgian giant merged with Brazilian beer Brazil is the world's fourth largest market for beer with over 74 million barrels produced in 2002. Annual consumption per head exceeds 50 litres. History The tradition of brewing in Brazil dates back to European immigration in the early nineteenth century. giant Amber, becoming a competitor. Ambev, meanwhile, entered a strategic licensing and distribution alliance with Quilmes Industrial, a Luxembourg beverage company that operates beverage businesses in Argentina, Bolivia, Brazil, Chile, Paraguay and Uruguay. |
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