SAB- SABMiller Plc - Sale of Kenya Breweries Limited shares and termination of
SAB
SOSAB
SAB- SABMiller Plc - Sale of Kenya Breweries Limited shares and termination of
Brewing and distribution agreement with Kenya Breweries Limited
SABMiller Plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Sale of Kenya Breweries Limited shares and termination of Brewing and
Distribution Agreement with Kenya Breweries Limited
SABMiller plc announces that its subsidiary SABMiller Africa BV has agreed to
sell its 20% shareholding in Kenya Breweries Limited (KBL) to East African
Breweries Limited (EABL), for cash consideration of the USD equivalent of
19,528,062,600 Kenyan Shillings at completion (which if calculated using the
mean average rate of exchange quoted by the Central Bank of Kenya on 3 June 2011
would be approximately USD 225 million), subject to EABL disposing of its 20%
shareholding in Tanzania Breweries Limited by way of a public offer through the
Dar-es-Salaam Stock Exchange.
SABMiller International BV has also agreed to terminate a Brewing and
Distribution Agreement with KBL, and KBL will cease to distribute SABMiller`s
brands in Kenya after a short transitional period.
Ends
Date: 06/06/2011 08:00:09 Produced by the JSE SENS Department.
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