| Wed 28 Jan 2009, 16:00 | | SAB - SABMiller Plc - SABMiller announces acquisition of a 71% interest in |
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SAB
SOSAB
SAB - SABMiller Plc - SABMiller announces acquisition of a 71% interest in
Romanian brewer - Bere Azuga
SABMiller Plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
28 January 2009
SABMiller announces acquisition of a 71% interest in Romanian brewer - Bere
Azuga
SABMiller plc announces that its Romanian subsidiary, Ursus Breweries, has
acquired a 71% interest in the Romanian brewer Bere Azuga. Bere Azuga, which
produces the Azuga and Valea Prahovei brands, operates from a single brewery
located some 30 kilometres from the city of Brasov, in the central
Transylvanian region of Romania and has an estimated market share of 0.6%.
Stephan Maria Weber, Managing Director of Ursus Breweries, commented:
"Ursus Breweries is pleased to add one of the most recognised Romanian brands
to its portfolio. The acquisition of Bere Azuga, which has a strong Romanian
heritage, illustrates our determination to offer our customers a choice of
high quality brands that span a range of different drinking occasions."
Bere Azuga is listed on the Bucharest stock exchange and its market
capitalisation on the last day of trading prior to this announcement was
Euro9.3 million, based on a share price of Euro1.73. The value of the gross
assets acquired is Euro24.8 million.
In accordance with local law and regulations, Ursus Breweries will seek the
approval of the competition authority and in due course will launch a public
offer for the shares it does not own.
Ends
Notes to editors:
About SABMiller plc
SABMiller plc is one of the world`s largest brewers with brewing interests and
distribution agreements across six continents. The group`s wide portfolio of
brands includes premium international beers such as Grolsch, Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading
local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller
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 in
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 20 7659 0100
Sue Clark Director of Corporate Tel:+44 20 7659 0184
Affairs
Gary Leibowitz Senior Vice President, Tel:+44 20 7659 0174
Investor Relations
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: 28/01/2009 16:00:04 Produced by the JSE SENS Department.
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