| Tue 8 Jul 2008, 11:00 | | SAB - SABMiller Plc completes acquisition of US importation rights for |
|
SAB
SOSAB
SAB - SABMiller Plc completes acquisition of US importation rights for
Grolsch
SABMiller Plc
JSE ALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Ref: 16/2008
8 July 2008
SABMiller plc completes acquisition of US importation rights for Grolsch
SABMiller plc announces that it has concluded an agreement with Anheuser-
Busch Inc. to transfer the US importation rights for the Grolsch brand to
its US joint venture, MillerCoors. The transfer will be effective from 1
August 2008 and in addition to Grolsch Premium Lager, the deal also
incorporates the entire Grolsch portfolio, including Grolsch Amber Ale,
Grolsch Light Lager and Grolsch Blonde Lager.
In 2007, Grolsch imports into the US grew to approximately 215,000
hectolitres. Imported beers have grown at nearly 10% p.a. for the last
three years and now make up 15% of the US beer market. 1.
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:
SABMiller plc Tel: +44 207 6590100
Sue Clark Director of Corporate Tel: +44 207 6590184
Affairs
Gary Leibowitz Senior Vice President, Tel: +44 207 6590174
Investor Relations
Nigel Fairbrass Head of Media Relations Tel: +44 779 9894265
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.
_______________________________
1 Canadean Wisdom database
Date: 08/07/2008 11:00:04 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
