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SAB
SOSAB
SABMiller Tender Offers for Voting Shares in Subsidiaries in Peru
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE SOSAB
ISIN CODE: GB0004835483
10 November 2006
SABMILLER TENDER OFFERS FOR VOTING SHARES IN SUBSIDIARIES IN PERU
SABMiller announces today that it is making simultaneous tender offers
("offers") on the Lima Stock Exchange for all the voting shares which it
does not already own in its listed Peruvian subsidiaries, UCP Backus y
Johnston S.A.A. ("UCP Backus y Johnston"), Cerveceria San Juan S.A.A.,
Compania Cervecera del Sur del Peru S.A.A., Industrias del Envase S.A.,
Inmobiliaria Pariachi S.A. and Vidrios Planos del Peru S.A. (the
"Companies"). The offer period will commence on 9 November 2006 and will
close on 6 December 2006.
The offers are being made in cash, at valuations per share determined
independently in accordance with the rules of the Lima Stock Exchange. The
total cash consideration payable by SABMiller if all six offers are accepted
in full will be approximately US$45million.
SABMiller has an effective economic interest of approximately 93.7% in UCP
Backus y Johnston, 75.7% in Cerveceria San Juan S.A.A., 84.5% in Compania
Cervecera del Sur del Peru S.A.A., 77% in Industrias del Envase S.A., 80.4%
in Inmobiliaria Pariachi S.A. and 98.7% in Vidrios Planos del Peru S.A.
UCP Backus y Johnston is Peru"s largest brewer. Its leading brands include
Cristal and Cusquena.
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 Tel: +44 20 7659 0184
Corporate Affairs
Rachel Kentleton Senior Investor Tel: +44 20 7659 0113
Relations Manager
Nigel Fairbrass Head of Media Relations Tel: +44 7799 894265
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: 10/11/2006 09:00:43 AM Produced by the JSE SENS Department
