SAB - SABMiller plc - Termination of Corona Extra licence in Australia
SAB
SOSAB
SAB - SABMiller plc - Termination of Corona Extra licence in Australia
SABMiller plc
JSEALPHA CODE: SAB
ISIN CODE: SOSAB
ISIN CODE: GB0004835483
Termination of Corona Extra licence in Australia
SABMiller`s Australian subsidiary, Foster`s Group Ltd ("Foster`s"), has been
informed by Grupo Modelo S.A.B de C.V. that it intends to exercise a change
of control provision terminating Foster`s licence to import and distribute
Corona Extra in Australia with immediate effect.
The move follows SABMiller`s acquisition of Foster`s in December 2011,
through which Foster`s gained access to SABMiller`s premium brand portfolio
in Australia, including Peroni Nastro Azzurro, Peroni Legerra, Miller
Genuine Draft, Grolsch Premium Lager, Bluetongue and Pilsner Urquell.
Sales volumes of Corona Extra in the calendar year 2011 were approximately
600,000 hectolitres in a total Australian market of some 18 million
hectolitres.
SABMiller`s expected financial returns from the acquisition of Foster`s will
remain broadly unchanged following this termination.
ENDS
Date: 09/03/2012 08:59:01 Produced by the JSE SENS Department.
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