28th Oct 2005 12:15
SABMiller PLC28 October 2005 Ref: 28/10/2005 SABMiller plc Voluntary tender offer to acquire Bavaria S.A. shares in Colombia London and Johannesburg, 28 October 2005. SABMiller plc ("SABMiller") announcestoday the launch of a voluntary tender offer on the Colombian Stock Exchange forall of the shares in Bavaria S.A. ("Bavaria") which the SABMiller group does notalready own, at a cash price of US$19.48 per share (the "Offer"). The Offer maybe accepted during Colombian Stock Exchange trading hours on 5 December 2005,with settlement to take place on 13 December 2005. On 12 October 2005, SABMiller announced the completion of the merger throughwhich it obtained a controlling interest of 71.77% in Bavaria, the secondlargest brewer in South America. The shares that are subject to the Offertherefore represent 28.23% of Bavaria and the total cash consideration payableif the Offer is accepted in full is expected to be approximately US$1,362million. The International Finance Corporation and certain members and affiliates of theSanto Domingo family have undertaken to accept the Offer in respect of theirshareholdings representing in aggregate a total of 4.62% of the shares. Settlement of the Offer will be in Colombian pesos, although acceptingshareholders may, subject to compliance with Colombian laws and regulations,elect to receive US dollars provided that they have by 11 November 2005 made anirrevocable election to do so. Settlement in Colombian pesos will be effectedat the average daily representative market exchange rate certified by theColombian Banking Superintendence for the period from 2 November 2005 to 1December 2005, both days inclusive. Ends Notes to editors: SABMiller plc is one of the world's largest brewers, with 2004/05 lager volumesin excess of 148 million hectolitres. It has a brewing presence in over 40countries and a portfolio of strong brands and leading market shares in many ofthe countries in which it has brewing operations. Outside the USA, SABMillerplc is one of the largest bottlers of Coca-Cola products in the world. In the year ended 31 March 2005, the group reported US$2,194 million pre-taxprofit and a turnover of US$14,543 million. SABMiller plc is listed on theLondon 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 ofcharge from: www.vismedia.co.uk Enquiries: SABMiller plc Tel: +44 20 7659 0100Sue Clark Director of Corporate Affairs Tel: +44 20 7659 0184Gary Leibowitz Vice President, Investor Relations Tel: +44 20 7659 0174Nigel Fairbrass Head of Media Relations Tel: +44 7799 894265 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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