Print Page | Close Window

SABMiller PLC - Acquisition

RNS Number:1917V
06 December 2005

Ref: 23/2005

                                 SABMILLER plc

  Result of voluntary tender offer to acquire Bavaria S.A. shares in Colombia

London and Johannesburg, 6 December 2005.  SABMiller plc announces that at the
closing of the voluntary tender offer on the Colombian Stock Exchange for all of
the shares in Bavaria S.A. ('Bavaria') which the SABMiller group does not
already own (the 'Offer'), acceptances had been received in respect of
62,375,024 shares in Bavaria, representing 25.19% of Bavaria's share capital,
and increasing SABMiller's interest in Bavaria from 71.77% to 96.96%.

The total cash consideration payable as a result of acceptances of the Offer is
approximately US$1,215 million.

Settlement of the consideration will take place on 13 December 2005, and will be
met from existing resources.


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 2005, the group reported a pre-tax profit of US$2,194
million and a turnover of US$14,543 million on a UK GAAP basis.  SABMiller plc
is listed on the London and Johannesburg stock exchanges.

This announcement is available on the company website:

High resolution images are available for the media to view and download free of
charge from:


                                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.

                      This information is provided by RNS
            The company news service from the London Stock Exchange


Share price data provided by vwd group & financial data provided byMorningstar.