SABMiller plc - Offer to acquire class I non-votin
SAB
SOSAB
SABMiller plc - Offer to acquire class I non-voting stock in Peru
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
SABMiller plc
Offer to acquire class I non-voting stock in Peru
London and Johannesburg, March 16, 2006. SABMiller plc ("SABMiller") announces
that, on March 16, 2006, it made an offer on the Lima Stock Exchange for 100% of
the investment shares (class I non-voting stock) of Union de Cervecerias
Peruanas Backus & Johnston S.A.A. ("Backus"), at a cash price of Peruvian nuevos
soles 2.47 per share ("the Offer").
The Offer will remain open for tender for ten trading days. Assuming 100%
acceptance of the Offer, at current exchange rates, SABMiller"s cash requirement
for the Offer is expected to be approximately US$400 million.
On October 12, 2005, SABMiller announced the completion of the merger through
which it acquired a controlling interest in Bavaria, the second largest brewer
in South America. As a result of the merger, Backus became an indirect
subsidiary of SABMiller.
Backus is Peru"s largest brewer and is listed on the Lima Stock Exchange.
Date: 16/03/2006 05:30:03 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
