Print Page | Close Window

SABMiller PLC - Disposal in Costa Rica

RNS Number:8110S
SABMiller PLC
13 March 2007


13 March 2007


  SABMILLER DISPOSES OF PEPSI FRANCHISE AND INTEREST IN HOTEL AND REAL ESTATE
                           DEVELOPMENT IN COSTA RICA

SABMiller plc announces that its subsidiary, Cerveceria Nacional S.A., the
leading beer and soft drinks manufacturer and distributor in Panama, has agreed
to sell its Pepsi bottling operations in Costa Rica, consisting of Embotelladora
Centroamericana S.A. ('ECSA') and Distribuidora Centroamericana de Bebidas DCB
S.A. ('DCSA'), to Cerveceria Costa Rica S.A. ('CCR'). SABMiller also announces
that it has completed the sale of its 42.5% interest in Reserva Conchal, a hotel
and real estate development in the north-west of Costa Rica (the 'Real Estate
Development'), to Crosslake Commercial Inc. ('Crosslake'). Both CCR and
Crosslake are subsidiaries of Florida Ice and Farm Company, S.A. ('FIFCO'). The
total consideration for the two transactions, payable in cash, amounts to US$116
million. The disposal of the Pepsi bottling operations, which is not subject to
any regulatory approval, is expected to close by the end of March 2007.


ECSA is the exclusive Pepsi Cola bottler in Costa Rica and distributes its
products through DCSA. FIFCO, which is listed on the Costa Rican stock exchange,
holds investments in beverages, tourism and services in Costa Rica and Central
America.


SABMiller acquired the Pepsi bottling operations and its interest in the Real
Estate Development as part of its Latin American transaction which completed on
12 October 2005.


Ends


Notes to editors:


About SABMiller plc


SABMiller plc is one of the world's largest brewers with brewing interests or
distribution agreements in over 60 countries across six 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 revenue
and profit before tax of $2,453 million.  SABMiller plc is listed on the London
and Johannesburg stock exchanges.


This announcement can be found on www.sabmiller.com


Enquiries:
-----------------                  ---------------------    --------------------

SABMiller plc                                            Tel: +44 20 7659 0100

Sue Clark           Director of Corporate Affairs        Tel: +44 20 7659 0184

Rachel Kentleton    Senior Manager, Investor Relations   Tel: +44 20 7659 0113

Nigel Fairbrass     Head of Media Relations              Tel: +44 20 7659 0105


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
DISVLLFFDXBLBBZ
Investis

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