UK/ECUADOR: Shareholders back SABMiller merger plan

By | 2 January 2007

SABMiller has been given shareholder backing for the merger of two of its Ecuadorian subsidiaries.

The London-based brewer said late last week that it has received shareholder approval for the merger of Compania de Cervezas Nacionales and Cerveceria Andina. The approval follows a successful tender offer for the remaining shares held by minority shareholders in the two units.

SABMiller paid US$54m to minority shareholders. The merger will take around ten months to complete.

Sectors: Beer & cider

Companies: SABMiller

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