| Tue 12 Sep 2006, 10:10 | | SABMiller Completes Fosters India Transaction |
|
SAB
SOSAB
SABMiller Completes Foster"s India Transaction
SABMiller Plc
JSE ALPHA CODE-SAB
ISSUER CODE SOSAB
ISIN CODE: GB0004835483
SABMILLER COMPLETES FOSTER"S INDIA TRANSACTION
London and Johannesburg, 12 September 2006: SABMiller plc, one of the
world"s leading brewers, announces that it has completed the acquisition of
the Foster"s business and brand in India for US$120 million.
SABMiller India will extend Foster"s Lager through its national network of
breweries and seek significant cost benefits from brewing and distributing
the brand locally. The existing brewery in Maharashtra will provide
additional capacity in the state as well as a platform for access to Mumbai.
SABMiller is the second largest brewer in India.
Andre Parker, Managing Director of SABMiller Africa and Asia, commented:
"We will look to continue the success of Foster"s in India and drive growth
in the premium segment in this exciting market. SABMiller India"s extensive
footprint throughout the country, along with its spectrum of strong local
and international brands, provides a compelling growth proposition as the
Indian beer market develops."
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$15,307 million in
revenues and profit before tax of US$2,453 million. SABMiller plc is listed
on the London and Johannesburg stock exchanges.
This announcement can be found on www.sabmiller.com
High resolution brand 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 Vice President, Investor Tel: +44 20 7659 0174
Relations
James Crampton Media Relations Manager Tel: +44 7795 208158
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: 12/09/2006 10:10:04 AM Produced by the JSE SENS Department
