SABMILLER COMPLETES FOSTERS INDIA TRANSACTION
11 September 2006
London and Johannesburg, 12 September 2006: SABMiller plc, one of the world’s leading brewers, announces that it has completed the acquisition of the Foster’s business and brand in India for US$120 million.
SABMiller India will extend Foster’s Lager through its national network of breweries and seek significant cost benefits from brewing and distributing the brand locally. The existing brewery in Maharashtra will provide additional capacity in the state as well as a platform for access to Mumbai. SABMiller is the second largest brewer in India.
André Parker, Managing Director of SABMiller Africa and Asia, commented:
“We will look to continue the success of Foster’s in India and drive growth in the premium segment in this exciting market. SABMiller India’s extensive footprint throughout the country, along with its spectrum of strong local and international brands, provides a compelling growth proposition as the Indian beer market develops.”
Notes to editors:
SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across five 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 2006, the group reported US$15,307 million in revenues and profit before tax of US$2,453 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
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