Cleary Gottlieb acted as Russian counsel to SABMiller in its strategic alliance with Anadolu Efes for Turkey, Russia, the CIS, Central Asia and the Middle East. The transaction, structured, essentially, as a stock-for-stock merger, was completed on March 14. SABMiller transferred its Russian and Ukrainian beer businesses, valued at approximately $1.9 billion, to Anadolu Efes in exchange for newly issued 24% shares in Anadolu Efes.
SABMiller is one of the world’s largest brewers with brewing interests and distribution agreements across six continents. The group’s wide portfolio includes global brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local brands such as Aguila, Castle, Miller Lite, Snow, Tyskie and Victoria Bitter. SABMiller is also one of the world’s largest bottlers of Coca-Cola products.
