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UK: SABMiller seeks Dutch approval for Grolsch offer

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SABMiller has plans to seek approval from the Autoriteit Financiele Markten (AFM) with regards to its current offer for Grolsch.

Commencing today (17 December), the UK-based company will submit an 'Offer Memorandum' to the Dutch stock market regulator requesting approval for its recent proposal to buy Grolsch.

The memo will outline a conditional agreement for the recommended public cash offer for all outstanding shares of Grolsch at an offer price of EUR48.25 (US$69.69) per share, in a deal valuing the Dutch brewer at EUR816m, the companies said.

SABMiller will finance the offer with a combination of cash, committed facilities and its commercial paper programme, the company said.

Earlier this month, AFM said that the obligation arose to report the filing announcing that SABMiller has taken a 5.01% stake in Grolsch.

The offer memorandum is expected to be published early next month.


Sectors: Beer & cider

Companies: Grolsch, SABMiller

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