Print Page | Close Window

SABMiller PLC - Topvar Brewery Completion

RNS Number:1431A
SABMiller PLC
22 March 2006


Ref 11/2006


     SABMILLER COMPLETES ACQUISITION OF 48.4% OF TOPVAR BREWERY IN SLOVAKIA


London and Johannesburg, 22 March 2006. SABMiller plc announces that, following
receipt of approval from the Slovak Anti-Monopoly Office on Monday 13th March
2006, it has acquired 48.4% of the Slovakian brewer Topvar, a.s. ('Topvar' or
the 'Company').


Under the terms of the agreement, the controlling shareholders will sell further
shares ('the Additional Shares') to enable SABMiller to increase its interest in
Topvar to at least 67% by the end of September 2006. The remaining shares held
by the controlling shareholders are subject to put and call arrangements
exercisable within 18 months of SABMiller acquiring the Additional Shares.


Ends


Notes to editors


SABMiller

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 US$2,194 million pre-tax
profit 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: www.sabmiller.com


High resolution images are available for the media to view and download free of
charge from: www.vismedia.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          Tel: +44 20 7659 0174
                                Relations

James Crampton                  Media Relations Manager                  Tel: +44 20 7659 0172


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
END

ACQPUURWWUPQGCG
Investis

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