Hands up who was watching The Apprentice last night on BBC? The teams had to promote awareness of English sparkling wine.
SABMiller, the South African-based global brewer, will transfer its Russian and Ukrainian beer businesses to Anadolu Efes.
Anadolu Efes will transfer a 24% equity stake to SABMiller by way of a capital increase.
Anadolu Efes will be the vehicle for both groups’ investments in the territory.
Following the capital increase, the Anadolu Group will control 42.81% of Anadolu Efes’s enlarged share capital.
Subject to a shareholders’ agreement between the Anadolu group and SABMiller, Anadolu will maintain control of Anadolu Efes after completion of the capital increase and business contribution. SABMiller will have customary minority protection rights.
The joint statement says the combined Russian business will have a strong number two position in value share terms, with an attractive brand portfolio and is expected to yield significant cost synergies of at least US$120m per year, and provide additional revenue synergy opportunities.
SABMiller and Anadolu Efes value SABMiller’s Russian and Ukrainian businesses at an enterprise value of approximately US$1.9bn.
Related articles:
