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ZAMBIA: SAB subsidiary buys Coca-Cola bottler

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South African Breweries has announced that its subsidiary, Zambian Breweries plc, has acquired Zambia's Coca-Cola bottler, Zambian Bottlers Ltd, for US$21.5m.

SAB International's managing director for Africa and Asia, Andre Parker, said that the acquisition was " in line with our strategy of driving down unit costs by extracting synergies through the integration of beer and soft drinks operations."

The purchase is to be financed by a combination of Zambian Breweries' own means and a proposed rights offer. Zambian Bottlers operates two facilities, one in Lusaka and one in Kitwe, and accounts for around 92% of the Zambian carbonated soft drinks market.


Companies: SABMiller

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