| Wed 27 Sep 2006, 12:00 | | SABMiller- Tender offer to acquire remaining Bavar |
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SAB
SOSAB
SABMiller- Tender offer to acquire remaining Bavaria S.A. shares in Colombia
SABMiller plc
JSE ALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
SABMiller tender offer to acquire remaining Bavaria S.A. shares in Colombia
London and Johannesburg, 27 September 2006. SABMiller plc ("SABMiller"),
one of the world"s leading brewers, announces today the launch of a tender
offer on the Colombian Stock Exchange for all of the shares in Bavaria S.A.
("Bavaria") which the SABMiller group does not already own, at a cash price
of 46,176 Colombian pesos (approximately US$19.10) per share (the "Offer").
The Offer is being made at the fair value price determined by an independent
investment bank, as required by Colombian securities laws, in accordance
with the process outlined at the time of the announcement of the Bavaria
transaction.
The shares that are the subject of the Offer represent 2.22% of Bavaria and
the total cash consideration payable if the Offer is accepted in full is
expected to be approximately 252,945 million Colombian pesos (approximately
US$105 million). The Offer may be accepted during Colombian Stock Exchange
trading hours on 12 October 2006.
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 six 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 is available on www.sabmiller.com
Enquiries:
SABMiller plc Tel: +44 20 7659 0100
Sue Clark Director of Corporate Affairs Tel: +44 20 7659 0184
Rachel Kentleton Senior Investor Relations Tel: +44 20 7659 0113
Manager
James Crampton Media Relations Manager Tel: +44 20 7659 0172
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: 27/09/2006 12:00:25 PM Produced by the JSE SENS Department
