RNS Number : 8111B
SABMiller PLC
24 February 2011
 



 

24 February 2011

 

SABMiller announces the completion of its hotels and gaming merger in South Africa

Following SABMiller's announcement on 18 February 2011, that the merger of Tsogo Sun, its South African hotels and gaming associate, with Gold Reef Resorts Limited, had become unconditional, SABMiller confirms that the transaction completed today, and that SABMiller has exchanged its 49% interest in Tsogo Sun for a 39.7% interest in the enlarged Gold Reef/Tsogo Sun business, which is currently listed on the JSE under the name of Gold Reef Resorts Limited. The intention is to change the name to Tsogo Sun Holding Limited as soon as practicably possible.

ENDS

Notes to editors:

About SABMiller plc

SABMiller 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 market-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 in adjusted pre-tax profit and group revenue of US$26,350 million. SABMiller is listed on the London and Johannesburg stock exchanges.

About Gold Reef/Tsogo Sun

Gold Reef/Tsogo Sun is South Africa's leading hotel, gaming and entertainment company, and is listed on the JSE with a market capitalisation as at the date of this announcement of approximately ZAR 19.6 billion (US$ 2.8 billion).

Gold Reef/Tsogo Sun's gaming operations consist of 14 casinos represented in 6 of South Africa's provinces.

Gold Reef/Tsogo Sun's hotels division, the Southern Sun Hotel group, is the largest hotel group in South Africa, with approximately 90 hotels and 14 438 rooms at the end of 2010.

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 the News and Media section of www.sabmiller.com or www.newscast.co.uk

Contact

SABMiller plc


Tel: +44 20 7659 0100

Sue Clark

Director of Corporate Affairs

Tel: +44 20 7659 0184

Gary Leibowitz

Senior Vice President, Investor Relations

Tel: +44 20 7659 0174

Nigel Fairbrass

Head of Media Relations

Tel: +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 announcement 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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