| Fri 3 Aug 2007, 13:00 | | SAB - SABMiller plc - SABmiller`s Polish subsidiar |
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SAB
SOSAB
SAB - SABMiller plc - SABmiller`s Polish subsidiary announces acquisition
SABMiller plc
JSE ALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
SABMiller`s Polish subsidiary announces acquisition
SABMiller plc`s Polish subsidiary, Kompania Piwowarska S.A. ("KP"), announces
that it has agreed to acquire 99.96% of Browar Belgia Sp. z o.o ("Browar
Belgia") from the Belgian brewer, Palm Breweries NV. The value of the gross
assets to be acquired is approximately Euro65 million. The transaction is
subject to the approval of the Polish competition authorities.
Browar Belgia operates one brewery situated in Kielce, South East Poland, and
has an annual production capacity in excess of 1 million hectoliters. Its
principal brands are Wojak, Gingers and Frater.
The investment will provide additional capacity necessary to keep pace with
the growing demand for KP`s products and the new Browar Belgia brewery will
complement KP`s existing manufacturing footprint.
Commenting on the acquisition, Mark Bowman, the Managing Director of Kompania
Piwowarska SA said:
"We are optimistic about our future growth prospects and Browar Belgia
provides us with expansion capacity without the need to develop a greenfield
site."
Ends
About SABMiller plc
SABMiller plc is one of the world`s largest brewers with brewing interests or
distribution agreements in over 60 countries across six continents. The
group`s brands include premium international beers such as Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional
range of market leading local brands. Outside the USA, SABMiller plc is also
one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2007, the group reported US$3,154 million adjusted
pre-tax profit and revenue of US$18,620 million. SABMiller plc is listed on
the London and Johannesburg stock exchanges.
This announcement is available on the company website: www.sabmiller.com
High resolution images are available for the media to view and download free
of charge from www.sabmiller.com or www.newscast.co.uk
Kompania Piwowarska - leader of the Polish beer industry
Kompania Piwowarska is the biggest and the most profitable brewer in Poland.
Hundreds of years of experience in beer brewing, state-of-the-art technology
and rigorous adherence to the World Class Manufacturing rules guarantee the
products` highest quality. The company`s product portfolio includes TYSKIE -
Poles` favourite beer, _UBR - the second largest Polish beer brand, LECH,
D?bowe Mocne, Pilsner Urquell, Redd`s, Dog in the Fog, Peroni Nastro Azzurro
and Miller Genuine Draft. Kompania Piwowarska was established in 1999 as a
result of a merger of Tyskie Gorny Ol1sk SA and Lech Browary Wielkopolski SA.
In 2003 Kompania Piwowarska acquired the Dojlidy Brewery in Bia3ystok.
In the year ended 31 March 2007, Kompania Piwowarska reported revenue of PLN
4.4 billion and net profit of PLN 693 million. Sales volume amounted to 13
million hectolitres.
Enquiries:
SABMiller plc Tel:+44 20 7659 0100
Sue Clark Director of Corporate Tel:+44 20 7659 0184
Affairs
Kelly Mulvey Senior Manager, Investor Tel:+44 20 7659 0176
Relations
Isabel Unsworth Media Relations Tel:+44 20 7659 0131
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc (the
"Company") or any of its affiliates in any jurisdiction or an inducement to
enter into investment activity.
This document includes "forward-looking statements". These statements may
contain the words "anticipate", "believe", "intend", "estimate", "expect" and
words of similar meaning. All statements other than statements of historical
facts included in this announcement, including, without limitation, those
regarding the Company`s financial position, business strategy, plans and
objectives of management for future operations (including development plans
and objectives relating to the Company`s products and services) are forward-
looking statements. These forward-looking statements involve known and
unknown risks, uncertainties and other important factors that could cause the
actual results, performance or achievements of the Company to be materially
different from future results, performance or achievements expressed or
implied by such forward-looking statements. These forward-looking statements
are based on numerous assumptions regarding the Company`s present and future
business strategies and the environment in which the Company will operate in
the future. These forward-looking statements speak only as at the date of this
announcement. The Company expressly disclaims any obligation or undertaking
to disseminate any updates or revisions to any forward-looking statements
contained in this announcement to reflect any change in the Company`s
expectations with regard thereto or any change in events, conditions or
circumstances on which any such statement is based. Any information contained
in this announcement on the price at which the Company`s securities have been
bought or sold in the past, or on the yield on such securities, should not be
relied upon as a guide to future performance.
Date: 03/08/2007 13:00:02 Produced by the JSE SENS Department.
