| Tue 10 Jun 2008, 8:00 | | SAB - SABMiller Plc - SABMiller plc announces expansion in Russia |
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SAB
SOSAB
SAB - SABMiller Plc - SABMiller plc announces expansion in Russia
SABMiller Plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
10th June 2008
SABMiller plc announces expansion in Russia
SABMiller plc ("SABMiller") announces that it has agreed to acquire the
Russian brewer LLC Vladpivo ("Vladpivo"). The transaction is subject to
customary pre-closing conditions.
Vladpivo, the largest brewer in the Russian far east Primorie region, is
located near the city of Vladivostok and has an annual capacity of 1 million
hectolitres. The value of the gross assets to be acquired is approximately
US$69 million. The purchase price is not being disclosed.
The Russian far east represents approximately 7.6% of the Russian beer market
and is projected to grow faster than the total Russian beer market from 2007
to 2013. This acquisition will accelerate SABMiller`s growth in the region
and increase the geographic penetration of the group`s worthmore portfolio.
James Wilson, Managing Director of SABMiller RUS, said: "The acquisition of
Vladpivo complements our existing capability and will allow us to expand the
presence of our worthmore brands, by providing us with a more competitive
logistics configuration and better access to our consumers in this important
and attractive region."
Vladpivo will become SABMiller`s third production facility in the country, in
addition to its main brewery in Kaluga and the site in Ulyanovsk which is
currently under construction and expected to be commissioned in early 2009.
In advance of production of SABMiller RUS`s premium portfolio, the brewery
will undergo a substantial programme of investment aimed at achieving
SABMiller`s international manufacturing standards.
Vladpivo is beneficially owned by a consortium consisting of A1, Detroit
Investments and the IFC.
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 Grolsch, 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 2008, the group reported US$3,639 million adjusted
pre-tax profit and revenue of US$21,410 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
Enquiries:
Tel: +44 20 7659
SABMiller plc 0100
Sue Clark Director of Corporate Tel: +44 20 7659
Affairs 0184
Gary Leibowitz Senior Vice President, Tel: +44 20 7659
Investor Relations 0174
Jonathan Oates Business Media Relations Tel: +44 7887 924560
Manager
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: 10/06/2008 08:00:12 Produced by the JSE SENS Department.
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