Ambev Stock Draws Attention Ahead of World Cup
Ambev shares rose to R$16.27 in São Paulo and $3.225 in New York Wednesday after a strong first-quarter earnings report. The company named Fernando Maffessoni as logistics vice-president starting August 1, replacing Paulo André Zagman. First-quarter profit reached R$3.89 billion, up 2.1% from last year, with Brazil beer volumes rising 1.2%.