| Wed 24 Nov 2010, 9:00 | | SAB - SABMiller Plc - SABMiller announces entry into Argentinian market |
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SAB
SOSAB
SAB - SABMiller Plc - SABMiller announces entry into Argentinian market
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
24 November 2010
SABMiller announces entry into Argentinian market
SABMiller plc announces that it has acquired Cerveceria Argentina S.A. Isenbeck
("CASA Isenbeck"), the third largest brewer in Argentina, from the Warsteiner
Group.
CASA Isenbeck`s principal brands are Isenbeck and Warsteiner, with total sales
volumes in 2009 of approximately 600,000hl. Its brewery is located in Zarate,
near Buenos Aires, and has a total capacity of 1.2 million hl. CASA Isenbeck
will continue to produce and distribute the Warsteiner brand under a long-term
licence agreement.
CASA Isenbeck has gross assets of US$24.7million.
Barry Smith, President, SABMiller Latin America, commented:
"We are pleased to have added CASA Isenbeck to our Latin American footprint,
giving us exposure to the fast-growing and attractive Argentinian beer market
and complementing our existing Latin American operations."
ENDS
Notes to editors
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 Pilsner Urquell, Peroni
Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local
brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also
one of the world`s largest bottlers of Coca-Cola products.
In the year ended 31 March 2010, the group reported US$3,803 million adjusted
pre-tax profit and group revenue of US$26,350 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/imagelibrary
Broadcast footage is available in internet or SD/HD quality for download free of
charge from www.sabmiller.com/broadcastfootage
Enquiries
SABMiller plc
t: +44 20 7659 0100
Sue Clark
Director Corporate Affairs
SABMiller plc
t: +44 20 7659 0184
Gary Leibowitz
Senior VP, Investor Relations
SABMiller plc
t: +44 20 7659 0174
Nigel Fairbrass
Head of Media RelationsSABMiller plc t: +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: 24/11/2010 09:00:01 Produced by the JSE SENS Department.
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