| Thu 29 Jun 2006, 17:15 | | SABMiller Sells Juice Business In Colombia |
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SAB
SOSAB
SABMiller Sells Juice Business In Colombia
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
SABMILLER SELLS JUICE BUSINESS IN COLOMBIA
London and Johannesburg, 29 June 2006. SABMiller plc ("SABMiller") announces
that its Colombian subsidiary Bavaria S.A. ("Bavaria") has entered into an
agreement to sell its fruit juice business through a sale of 100% of the
equity interest in Productora de Jugos (a fruit pulp business located in
Tulua), the Tutti Frutti and Orense trademarks and certain assets associated
with juice production, to the Colombian beverage company Postobon S.A.
("Postobon"), for a cash consideration of US$55.3 million. In the year to
December 2005, Bavaria sold approximately 700 thousand hectolitres of
juices. This transaction is subject to the review and approval of the
Colombian competition authorities.
Postobon, which is part of the Organizacion Ardila Lulle, is a producer of
soft drinks, water and fruit juices and is seeking to develop its fruit and
juice exports to international markets following the ratification of the
Free Trade Agreement with the United States.
In addition, SABMiller has signed a co-operation agreement with Carbe, the
majority shareholder of Postobon, which includes an intention to assist
Postobon in the development of its international markets. The agreement
includes, inter alia, a right of first refusal in favour of SABMiller, in
the event of a sale of the Postobon beverage business.
Ends
Notes to editors:
SABMiller
SABMiller plc is one of the world"s largest brewers with brewing interests
or distribution agreements in over 60 countries across five continents. The
group"s brands include premium international beers such as Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional
range of market leading local brands. Outside the USA, SABMiller plc is
also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2006, the group reported US$2,626 million
adjusted pre-tax profit and a turnover of US$15,307 million. SABMiller plc
is listed on the London and Johannesburg stock exchanges.
Postobon
Postobon S.A., a flagship Company of the Organizacion Ardila Lulle, is the
market leader in the carbonated soft drinks sector in Colombia. The
company"s brands include Colombiana, Postobon and Pepsi.
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.vismedia.co.uk
Enquiries:
SABMiller plc
Tel: +44 20 7659 0100
Sue Clark Director of Corporate Tel: +44 20 7659 0184
Affairs
Gary Leibowitz Senior Vice President, Tel: +44 20 7659 0174
Investor Relations
Nigel Fairbrass Head of Media Relations Tel: +44 20 7659 0105
Bavaria S.A. Tel: +57 1 638 9000
Javier Hoyos Vice President of Tel: +57 1 638 9000
Arboleda Corporate Affairs
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: 29/06/2006 05:15:34 PM Produced by the JSE SENS Department
