16 March 2006
Offer to acquire class I non-voting stock in Peru
London and Johannesburg, March 16, 2006. SABMiller plc ('SABMiller') announces
that, on March 16, 2006, it made an offer on the Lima Stock Exchange for 100% of
the investment shares (class I non-voting stock) of Union de Cervecerias
Peruanas Backus & Johnston S.A.A. ('Backus'), at a cash price of Peruvian nuevos
soles 2.47 per share ('the Offer').
The Offer will remain open for tender for ten trading days. Assuming 100%
acceptance of the Offer, at current exchange rates, SABMiller's cash requirement
for the Offer is expected to be approximately US$400 million.
On October 12, 2005, SABMiller announced the completion of the merger through
which it acquired a controlling interest in Bavaria, the second largest brewer
in South America. As a result of the merger, Backus became an indirect
subsidiary of SABMiller.
Backus is Peru's largest brewer and is listed on the Lima Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange