Peru: SABMiller extends its offer in Peru
SABMiller has announced on March 30 that it has extended the offer for the investment shares (class I non-voting stock) of Unión de Cervecerías Peruanas Backus & Johnston S.A.A. ("Backus") to provide an additional opportunity for smaller retail shareholders to tender their shares. The offer which was due to expire on March 29, 2006 has been extended for a further five trading days to April 5, 2006.
Following completion of the initial ten day offer period, SABMiller owned approximately 90% of the investment shares. The cost of shares acquired in the offer to date is approximately US$360 million at current exchange rates.
Backus is Peru's largest brewer and is listed on the Lima Stock Exchange.
SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across five 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 2005, the group reported US$2,194 million pre-tax profit and a turnover of US$14,543 million on a UK GAAP basis. SABMiller plc is listed on the London and Johannesburg stock exchanges.
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