The world’s second largest brewer, SABMiller Plc (“SABMiller”), announced on June 5 the closing of its transaction with Italian brewer Birra Peroni SpA (“Birra Peroni”). SABMiller has acquired a 60% stake in Birra Peroni for EUR 246 million and has entered into put and call arrangements with shareholders who have not sold their stake initially which, when fully exercised, will result in SABMiller increasing its shareholding in Birra Peroni to 97.8%.

Birra Peroni holds a strong number two position (25.2% share) in the growing Italian beer market, with 2002 revenues of EUR 494 million and adjusted EBITDA of EUR 44.8 million. Its brands include Peroni, the number one beer in Italy, and Nastro Azzurro, the number three brand in the premium segment.

06 June, 2003