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SABMiller PLC - SABMiller disposes of Colombian water business

RNS Number : 8518A
  SABMiller PLC
  07 August 2008


7 August 2008


SABMiller disposes of Colombian water business

SABMiller plc announces that its Colombian subsidiary Bavaria S.A. ('Bavaria')
has agreed to dispose of its Agua Brisa bottled water business and assets
('Business'), which will be acquired jointly by Coca-Cola FEMSA and The
Coca-Cola Company, for a
consideration of USD92,000,000.  The disposal of Agua Brisa is subject to
approval by the Colombian competition authorities and other customary
pre-closing conditions, with closing of the transaction expected in late 2008 or
early 2009.  The parties have
also agreed customary arrangements regarding the performance of the Business
between signing and closing.
In the past financial year, the Business sold more than 2.6 million hectolitres
of Brisa in Colombia.  Agua Brisa presentations of still, sparkling and
flavoured waters are produced in 13 plants across Colombia and are currently
sold in over 230,000
outlets throughout the country.  The Brisa operations in Panama are excluded
from the transaction.
Karl Lippert, president of Bavaria, commented: 'The disposal of the water
business will enable Bavaria to focus on its core strength, the brewing and
distribution of beer and malted beverages. After closing, the transfer of assets
and the commercial
operation will be subject to a transition arrangement of several months, during
which Bavaria will still be producing, selling and distributing Brisa.'
Bavaria is the largest beverage company in Colombia.  Its brands include:
Águila, Águila Light, Pr, Coste Pilsen, Club Colombia, Brava,  Barena,
Costea, Cola & Pola and Pony Malta.

Ends


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 Grolsch, 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 2008, the group reported US$3,639 million adjusted
pre-tax profit and revenue of US$21,410 million. SABMiller plc is listed on the
London and Johannesburg stock exchanges.

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.sabmiller.com
or www.newscast.co.uk


 Enquiries:

 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
                  Relations

 Nigel Fairbrass  Head of Media Relations               Tel: + 44 77 9989 4265


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.

This information is provided by RNS
The company news service from the London Stock Exchange

  END

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