SABMiller logo

News

SABMiller tender offers for voting shares in subsidiaries in Panama

30 July 2007

SABMiller announces today that it is making simultaneous tender offers ("offers") for all the voting shares which it does not already own in its Panamanian subsidiaries Cerveceria Nacional, S.A. (Cerveceria Nacional) and Refrescos Nacionales S.A. (Refrescos Nacionales). The offer period commenced on July 29, 2007 and will expire on September 27, 2007.

The offers are being made in cash. The offer price for each share of Cerveceria Nacional is US$22. The offer price for each share of Refrescos Nacionales is US$10.50. The total cash consideration payable by SABMiller if all shareholders in both companies accept the offers will be approximately US$30million.

The effective minority interests in Cerveceria Nacional and Refrescos Nacionales are 8.4% and 1.9% respectively.

Ends

About SABMiller plc

SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across six continents. The group’s brands include premium international beers such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands.  Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world.

In the year ended 31 March 2007, the group reported US$3,154 million adjusted pre-tax profit and revenue of US$18,620 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 http://www.newscast.co.uk.

Enquiries

SABMiller plc
Tel:  +44 20 7659 0100

Sue Clark 
Director of Corporate Affairs 
Tel:  +44 20 7659 0184

Gary Leibowitz
Senior Vice President, Investor Relations
Tel: +44 20 7659 0119

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.

Back to news index

Close

Share to...

  • Facebook
  • Twitter
  • LinkedIn
  • Delicious
  • Stumbleupon
  • Reddit
  • Digg
  • Yahoo
  • Google