03 August 2007
3 August 2007
SABMiller's Polish subsidiary announces acquisition
SABMiller plc's Polish subsidiary, Kompania Piwowarska S.A. ('KP'), announces
that it has agreed to acquire 99.96% of Browar Belgia Sp. z o.o ('Browar
Belgia') from the Belgian brewer, Palm Breweries NV. The value of the gross
assets to be acquired is approximately €65 million. The transaction is subject
to the approval of the Polish competition authorities.
Browar Belgia operates one brewery situated in Kielce, South East Poland, and
has an annual production capacity in excess of 1 million hectoliters. Its
principal brands are Wojak, Gingers and Frater.
The investment will provide additional capacity necessary to keep pace with the
growing demand for KP's products and the new Browar Belgia brewery will
complement KP's existing manufacturing footprint.
Commenting on the acquisition, Mark Bowman, the Managing Director of Kompania
Piwowarska SA said:
'We are optimistic about our future growth prospects and Browar Belgia provides
us with expansion capacity without the need to develop a greenfield site.'
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 2007, the group reported US$3,154 million adjusted
pre-tax profit and revenue of US$18,620 million. SABMiller plc is listed on the
London and Johannesburg stock exchanges.
This announcement is available on the company website: www.sabmiller.com
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Kompania Piwowarska - leader of the Polish beer industry
Kompania Piwowarska is the biggest and the most profitable brewer in Poland.
Hundreds of years of experience in beer brewing, state-of-the-art technology and
rigorous adherence to the World Class Manufacturing rules guarantee the
products' highest quality. The company's product portfolio includes TYSKIE -
Poles' favourite beer, ZUBR - the second largest Polish beer brand, LECH, Debowe
Mocne, Pilsner Urquell, Redd's, Dog in the Fog, Peroni Nastro Azzurro and Miller
Genuine Draft. Kompania Piwowarska was established in 1999 as a result of a
merger of Tyskie Gorny Slask SA and Lech Browary Wielkopolski SA. In 2003
Kompania Piwowarska acquired the Dojlidy Brewery in Bialystok.
In the year ended 31 March 2007, Kompania Piwowarska reported revenue of PLN 4.4
billion and net profit of PLN 693 million. Sales volume amounted to 13 million
SABMiller plc Tel: +44 20 7659 0100
Sue Clark Director of Corporate Affairs Tel: +44 20 7659 0184
Kelly Mulvey Senior Manager, Investor Relations Tel: +44 20 7659 0176
Isabel Unsworth Media Relations Tel: +44 20 7659 0131
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
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