16th Mar 2006 15:30
SABMiller PLC16 March 2006 SABMiller plc Offer to acquire class I non-voting stock in Peru London and Johannesburg, March 16, 2006. SABMiller plc ("SABMiller") announcesthat, on March 16, 2006, it made an offer on the Lima Stock Exchange for 100% ofthe investment shares (class I non-voting stock) of Union de CerveceriasPeruanas Backus & Johnston S.A.A. ("Backus"), at a cash price of Peruvian nuevossoles 2.47 per share ("the Offer"). The Offer will remain open for tender for ten trading days. Assuming 100%acceptance of the Offer, at current exchange rates, SABMiller's cash requirementfor the Offer is expected to be approximately US$400 million. On October 12, 2005, SABMiller announced the completion of the merger throughwhich it acquired a controlling interest in Bavaria, the second largest brewerin South America. As a result of the merger, Backus became an indirectsubsidiary of SABMiller. Backus is Peru's largest brewer and is listed on the Lima Stock Exchange. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SAB.L