28th Jan 2009 14:00
28 January 2009
SABMiller announces acquisition of a 71% interest in Romanian brewer - Bere Azuga
SABMiller plc announces that its Romanian subsidiary, Ursus Breweries, has acquired a 71% interest in the Romanian brewer Bere Azuga. Bere Azuga, which produces the Azuga and Valea Prahovei brands, operates from a single brewery located some 30 kilometres from the city of Brasov, in the central Transylvanian region of Romania and has an estimated market share of 0.6%.
Stephan Maria Weber, Managing Director of Ursus Breweries, commented:
"Ursus Breweries is pleased to add one of the most recognised Romanian brands to its portfolio. The acquisition of Bere Azuga, which has a strong Romanian heritage, illustrates our determination to offer our customers a choice of high quality brands that span a range of different drinking occasions."
Bere Azuga is listed on the Bucharest stock exchange and its market capitalisation on the last day of trading prior to this announcement was €9.3 million, based on a share price of €1.73. The value of the gross assets acquired is €24.8 million.
In accordance with local law and regulations, Ursus Breweries will seek the approval of the competition authority and in due course will launch a public offer for the shares it does not own.
Ends
Notes to editors:
About SABMiller plc
SABMiller plc is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2008, the group reported US$3,639 million in adjusted pre-tax profit and revenue of US$21,410 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
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.sabmiller.com or www.newscast.co.uk
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Enquiries: |
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SABMiller plc |
Tel: +44 20 7659 0100 |
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Sue Clark |
Director of Corporate Affairs |
Tel: +44 20 7659 0184 |
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Gary Leibowitz |
Senior Vice President, Investor Relations |
Tel: +44 20 7659 0174 |
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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.
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