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Completion of major transaction in South America

12 October 2005

Ref: 19/2005         

SABMiller plc ("SABMiller") today announces the completion of the merger through which it has acquired a controlling interest in Bavaria S.A., the second largest brewer in South America.

The 225 million ordinary shares in SABMiller plc issued to the Santo Domingo Group in consideration for the merger and the 167,411,024 ordinary shares arising on the conversion of the remaining convertible low voting participating shares held by Altria Group, Inc. have today been admitted to the Official List of the Financial Services Authority and to trading on the London Stock Exchange's market for listed securities, and have been admitted to listing on the JSE Limited.

Graham Mackay, Chief Executive of SABMiller, said today:

"We are delighted that Bavaria is now part of the SABMiller group.  This transaction reaffirms SABMiller’s superior growth profile within the brewing industry and we look forward to working with our new partners and colleagues."


Notes to editors:
SABMiller plc is one of the world’s largest brewers, with 2004/05 lager volumes in excess of 148 million hectolitres.  It has a brewing presence in over 40 countries across four continents and a portfolio of strong brands and leading market shares in many of the countries in which it has brewing operations.  Outside the USA, SABMiller plc 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-tax profit and a turnover of US$14,543 million.  SABMiller plc is listed on the London and Johannesburg stock exchanges.

This announcement is available on the company website:

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  SABMiller plc Tel: +44 20 7659 0100
Sue Clark  Director of Corporate Affairs Tel: +44 20 7659 0184
Gary Leibowitz  Vice President, Investor Relations Tel: +44 20 7659 0174
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.

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