SABMiller's Chinese joint venture completes acquisition of
Kingway brewery business
SABMiller plc announces that China Resources Snow Breweries Limited, its joint venture with China Resources Enterprise, Limited, has completed the acquisition of the brewery business of Kingway Brewery Holdings Limited, following receipt of regulatory and Kingway shareholder approval.
Further information about the transaction is set out in SABMiller's original announcement of 5 February 2013.
Notes to editors
SABMiller plc is one of the world's leading brewers with more than 200 beer brands and some 70,000 employees in over 75 countries. The group's portfolio includes global brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch; as well as leading local brands such as Aguila (Colombia), Castle (South Africa), Miller Lite (USA), Snow (China), Victoria Bitter (Australia) and Tyskie (Poland). SABMiller also has growing soft drinks businesses and is one of the world's largest bottlers of Coca-Cola products.
In the year ended 31 March 2013 the group reported EBITA of US$6,421 million and group revenue of US$34,487 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
China Resources Snow Breweries, Limited
China Resources Snow Breweries Limited was established in 1993 and became a joint venture with SABMiller plc in 1994. It is engaged in the production, sales and marketing of beer in China. Its shareholders are China Resources Enterprise, Limited and SABMiller Asia Limited, a subsidiary of SABMiller plc. China Resources Enterprise, Limited has a 51% interest in China Resources Snow Breweries Limited while SABMiller Asia Limited holds the remaining 49% interest. It operates over 80 breweries in China with a total volume capacity of more than 170 million hectolitres.
China Resources Enterprise, Limited
China Resources Enterprise, Limited is listed on the Hong Kong Stock Exchange ("HKSE") and is also one of the constituent stocks of the Hang Seng Index in Hong Kong. The Group focuses on the consumer businesses in both the Chinese Mainland and Hong Kong, with core activities being retail, beer, food and beverage.
Kingway Brewery Holdings, Limited
Kingway Beer Group was established in 1985; Kingway Brewery Holdings Ltd. (previously Guangdong Brewery Holdings Ltd.) was established and then listed on the HKSE in 1997. Kingway is principally engaged in the production, distribution and sale of beer.
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