29 June 2006
SABMILLER SELLS JUICE BUSINESS IN COLOMBIA
London and Johannesburg, 29 June 2006. SABMiller plc ('SABMiller') announces
that its Colombian subsidiary Bavaria S.A. ('Bavaria') has entered into an
agreement to sell its fruit juice business through a sale of 100% of the equity
interest in Productora de Jugos (a fruit pulp business located in Tulua), the
Tutti Frutti and Orense trademarks and certain assets associated with juice
production, to the Colombian beverage company Postobon S.A. ('Postobon'), for a
cash consideration of US$55.3 million. In the year to December 2005, Bavaria
sold approximately 700 thousand hectolitres of juices. This transaction is
subject to the review and approval of the Colombian competition authorities.
Postobon, which is part of the Organizacion Ardila Lulle, is a producer of soft
drinks, water and fruit juices and is seeking to develop its fruit and juice
exports to international markets following the ratification of the Free Trade
Agreement with the United States.
In addition, SABMiller has signed a co-operation agreement with Carbe, the
majority shareholder of Postobon, which includes an intention to assist Postobon
in the development of its international markets. The agreement includes, inter
alia, a right of first refusal in favour of SABMiller, in the event of a sale of
the Postobon beverage business.
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 2006, the group reported US$2,626 million adjusted
pre-tax profit and a turnover of US$15,307 million. SABMiller plc is listed on
the London and Johannesburg stock exchanges.
Postobon S.A., a flagship Company of the Organizacion Ardila Lulle, is the
market leader in the carbonated soft drinks sector in Colombia. The company's
brands include Colombiana, Postobon and Pepsi.
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
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
Nigel Fairbrass Head of Media Relations Tel: +44 20 7659 0105
Bavaria S.A. Tel: +57 1 638 9000
Javier Hoyos Arboleda Vice President of Corporate Affairs Tel: +57 1 638 9000
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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