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SABMiller announces closing steps of alliance

7 Mar 2012

Brewing giant SABMiller plc (SAB), Anadolu Group, and Anadolu Efes on Wednesday announced the completion of the transfer of SABMiller's Russian and Ukrainian beer businesses in the context of their strategic alliance for Turkey, Russia, the CIS, Central Asia and the Middle East.

SABMiller's newly issued 24% shareholding in Anadolu Efes will be listed on the Istanbul Stock Exchange (ISE) after completion of certain administrative requirements of the Turkish Capital Markets Board and the ISE.

The management teams for the combined Russia and Ukraine businesses have been appointed and these businesses will commence operations on an integrated basis with immediate effect.

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Source: I-Net Bridge

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