Ambev, formally Companhia de Bebidas das Américas (official English translation: "Americas' Beverage Company", hence the name "Ambev", formerly styled as "AmBev") is a brewing company. Ambev was originally a Brazilian company that opened capital to international investors. Because of this, nowadays there is controversy if it is still a Brazilian company or a subsidiary of the global brewing company Anheuser-Busch InBev. It is the biggest brewery in Latin America and the fifth in the world. It was created on July 1, 1999, with the merger of two breweries, Brahma and Antarctica. The merger was approved by the Brazilian Board of Directors of Economic Defense (CADE) on March 30, 2000.