AmBev board approves buyback of up to 190 million shares
ABEV•AmBev’s board approved a buyback of up to 190 million common shares through April 28, 2028, primarily for cancellation. At the October 28 closing price, a full buyback would cost about R$2.9 billion, roughly 15% of cash and cash equivalents.
1. Buyback program
AmBev’s board unanimously authorized the program at its October 28, 2026, meeting. Purchases will draw on capital reserves recorded in the company’s September 30, 2026, balance sheet.
