12th Sep 2006 09:10
SABMiller PLC12 September 2006 SABMILLER COMPLETES FOSTER'S INDIA TRANSACTION London and Johannesburg, 12 September 2006: SABMiller plc, one of the world'sleading brewers, announces that it has completed the acquisition of the Foster'sbusiness and brand in India for US$120 million. SABMiller India will extend Foster's Lager through its national network ofbreweries and seek significant cost benefits from brewing and distributing thebrand locally. The existing brewery in Maharashtra will provide additionalcapacity in the state as well as a platform for access to Mumbai. SABMiller isthe 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 inthe premium segment in this exciting market. SABMiller India's extensivefootprint throughout the country, along with its spectrum of strong local andinternational brands, provides a compelling growth proposition as the Indianbeer market develops." Ends Notes to editors: SABMiller SABMiller plc is one of the world's largest brewers with brewing interests ordistribution agreements in over 60 countries across five continents. The group'sbrands include premium international beers such as Miller Genuine Draft, PeroniNastro Azzurro and Pilsner Urquell, as well as an exceptional range of marketleading local brands. Outside the USA, SABMiller plc is also one of the largestbottlers of Coca-Cola products in the world. In the year ended 31 March 2006, the group reported US$15,307 million inrevenues and profit before tax of US$2,453 million. SABMiller plc is listed onthe 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 downloadfree of charge from www.vismedia.co.uk. Enquiries:---------- SABMiller plc Tel: +44 20 7659 0100 Sue Clark Director of Corporate Affairs Tel: +44 20 7659 0184 Gary Leibowitz Vice President, Investor Relations Tel: +44 20 7659 0174 James Crampton Media Relations Manager Tel: +44 7795 208158 This announcement does not constitute an offer to sell or issue or thesolicitation of an offer to buy or acquire securities of SABMiller plc (the"Company") or any of its affiliates in any jurisdiction or an inducement toenter into investment activity. This document includes "forward-looking statements". These statements maycontain the words "anticipate", "believe", "intend", "estimate", "expect" andwords of similar meaning. All statements other than statements of historicalfacts included in this announcement, including, without limitation, thoseregarding the Company's financial position, business strategy, plans andobjectives of management for future operations (including development plans andobjectives relating to the Company's products and services) are forward-lookingstatements. 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 fromfuture results, performance or achievements expressed or implied by suchforward-looking statements. These forward-looking statements are based onnumerous assumptions regarding the Company's present and future businessstrategies 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 anyupdates or revisions to any forward-looking statements contained in thisannouncement to reflect any change in the Company's expectations with regardthereto or any change in events, conditions or circumstances on which any suchstatement is based. Any information contained in this announcement on the price at which theCompany's securities have been bought or sold in the past, or on the yield onsuch securities, should not be relied upon as a guide to future performance. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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