In April 2005 the group announced that CR Snow had entered into an agreement with the Fuyang City government to acquire the assets of the Fuyang City Snowland Brewery Company in Anhui province for a cash consideration of US$15 million. Following completion, CR Snow will make a further investment to expand the capacity of Snowland Brewery to 2 million hectolitres per year.
In May 2005 the group announced that it had agreed terms to acquire shares in the Slovakian brewer, Topvar, a.s (Topvar). Initially, SABMiller will acquire an interest of between 33% and 49%, though, pursuant to put and call options agreed with Topvar’s controlling shareholders, SABMiller’s interest could increase to up to 100% within two years.
In May 2005 the group’s Indian subsidiary, MBL Investments Limited (Mysore), acquired the Shaw Wallace Group’s interest in the brewing operations of the Indian operating company, SKOL Breweries Ltd (SKOL), taking the group’s interest in SKOL to 99%. The balance of the shares is held by third party minority investors.
For more information about these transactions, please see the news section of our website.
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