The main reason why mega-investor Warren Buffett came to Brazil yesterday was to learn more about Ambev’s asset management model, people close to the situation said. Anheuser-Busch Inbev’s Brazilian unit Ambev is managed according to the prescription of three fund 3G Capital shareholders, Jorge Paulo Lemann, Marcel Telles and Beto Sicupira. Three weeks ago, Buffett and 3G partnered in a proposal to buy US food company Heinz, which has shown significant revenue growth, but also a costs increase. Valor has learned that Mr. Buffett wanted to know how was it possible to cut costs after the merge between Antarctica and Brahma, which resulted in the creation of Ambev, and after 3G shareholders bought Burger King.
The “Oracle of Omaha” has been a fan of the current Southern Hemisphere’s richest man ever since. Buffett told Brazilian magazine EXAME, “I want to learn more about Brazil and Jorge [Paulo Lemann] is a great professor.”