| Fri 4 Jan 2008, 17:45 | | SAB - SABMiller Plc - Polish subsidiary announces approval for acquisition |
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SAB
SOSAB
SAB - SABMiller Plc - Polish subsidiary announces approval for acquisition
SABMiller Plc
JSEALPHA CODE : SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
04 January 2008
SABMiller`s Polish subsidiary announces approval for acquisition
SABMiller plc`s Polish subsidiary, Kompania Piwowarska S.A. ("KP"), announces
that it has received approval from the Polish Office of Competition and
Consumer Protection for the acquisition of 99.96% of Browar Belgia from Palm
Breweries NV. The value of the gross assets to be acquired is approximately
Euro65 million and it is expected that the acquisition will be completed in
the next few days.
Browar Belgia operates one brewery situated in Kielce, South East Poland, and
has an annual production capacity in excess of 1 million hectolitres. Its
principal brands are Wojak, Gingers and Frater.
Alan Clark, Managing Director of SABMiller Europe, said: "We are delighted to
have received approval for the acquisition of Browar Belgia. The Polish
market and KP have recorded exceptional growth over the last ten years and
additional capacity is required to capitalise on the level of consumer demand
for our products in the local market. This acquisition will immediately
deliver the required expansion capacity without having to develop a greenfield
site. It also complements our existing manufacturing footprint and brand
portfolio."
KP has experienced a decade of consistent volume growth across its key
brands-Tyskie, Lech and Zubr-and the combined investment in capacity expansion
over this period has amounted to approximately Euro400 million across its
three existing breweries. The acquisition will increase the annual brewing
capacity of KP to 16 million hectolitres.
Ends
Notes to editors:
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 in
adjusted pre-tax profit and revenue of $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
Kompania Piwowarska - leader of the Polish beer industry
Kompania Piwowarska is the largest brewer in Poland. Hundreds of years of
experience in beer brewing, state-of-the-art technology and rigorous adherence
to the World Class Manufacturing principles guarantee the highest quality
beer. 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 Browary Ksi1??ce and Lech Browary Wielkopolski. In 2003 Dojlidy Brewery
in Bia3ystok was acquired by KP. In the fiscal year F07, ended on 31 March
2007, KP sales volume amounted to 13 million hectolitres.
Enquiries:
Tel: +44 20 7659
SABMiller plc 0100
Sue Clark Director of Corporate Tel: +44 20 7659
Affairs 0184
Kelly Mulvey Senior Manager, Investor Tel: +44 20 7659
Relations 0176
Nigel Fairbrass Head of Media Relations Tel: +44 7799 894265
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: 04/01/2008 17:45:02 Produced by the JSE SENS Department.
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