SAB - SABMiller - Settlement of dispute with East African Breweries Limited
SAB
SOSAB
SAB - SABMiller - Settlement of dispute with East African Breweries Limited
SABMiller
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Settlement of dispute with East African Breweries Limited
SABMiller PLC today announces that group companies SABMiller Africa BV and
Tanzania Breweries Limited (TBL) have agreed an amicable settlement of their
dispute with East African Breweries Limited (EABL), a member of the Diageo plc
group, relating to the Tanzanian beer market.
As a result of the settlement, all claims and counterclaims in the arbitration
in London will be withdrawn, and the parties have agreed not to pursue any
further actions in respect of the matters which have formed the subject matter
of the arbitration between them. TBL will cease to brew and distribute EABL`s
brands in Tanzania following a transitional period. TBL and SABMiller
International BV`s brands will continue to be brewed and distributed in Kenya.
Save as described above the terms of settlement are strictly confidential. The
parties will give no further information about the settlement or comment on it.
SABMiller has reaffirmed its commitment to grow relevant TBL brands in Kenya,
which reflects the spirit of the recently signed Protocol on the Establishment
of the East African Common Market.
25 February 2010
Date: 25/02/2010 09:00:19 Produced by the JSE SENS Department.
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