Approval of Scheme of Arrangement for Acquisition of Foster’s Group Limited
2 December 2011
SABMiller plc ("SABMiller") is pleased to announce that, following the approval by Foster's Group Limited ("Foster's") shareholders yesterday, the Supreme Court of Victoria has today approved the Scheme of Arrangement pursuant to which SABMiller will acquire all of the shares in Foster's.
The Scheme will be implemented on 16 December 2011.
Notes to editors
SABMiller plc is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio includes global brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the world's largest bottlers of Coca-Cola products.
In the year ended 31 March 2011, the group reported US$4,491 million adjusted pre-tax profit and group revenue of US$28,311 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
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