RNS Number : 6940W
SABMiller PLC
24 November 2010
 



24 November 2010

 

SABMiller announces entry into Argentinian market

 

 

SABMiller plc announces that it has acquired Cervecería Argentina S.A. Isenbeck ("CASA Isenbeck"), the third largest brewer in Argentina, from the Warsteiner Group.

 

CASA Isenbeck's principal brands are Isenbeck and Warsteiner, with total sales volumes in 2009 of approximately 600,000hl.  Its brewery is located in Zarate, near Buenos Aires, and has a total capacity of 1.2 million hl.  CASA Isenbeck will continue to produce and distribute the Warsteiner brand under a long-term licence agreement.

 

CASA Isenbeck has gross assets of US$24.7million.

 

Barry Smith, President, SABMiller Latin America, commented:

 

"We are pleased to have added CASA Isenbeck to our Latin American footprint, giving us exposure to the fast-growing and attractive Argentinian beer market and complementing our existing Latin American operations."

 

ENDS

 

 

Notes to editors

 

SABMiller plc is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie.  SABMiller is also one of the world's largest bottlers of Coca-Cola products.

 

In the year ended 31 March 2010, the group reported US$3,803 million adjusted pre-tax profit and group revenue of US$26,350 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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Enquiries


SABMiller plc
t: +44 20 7659 0100

Sue Clark
Director Corporate Affairs
SABMiller plc
t: +44 20 7659 0184

Gary Leibowitz
Senior VP, Investor Relations
SABMiller plc
t: +44 20 7659 0174

Nigel Fairbrass
Head of Media Relations
SABMiller plc
t: +44 7799 894265

 

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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