Kulczyk Investments sells SAB Miller shares for £1 bln

Kulczyk Investments (KI) sold 24 million existing ordinary shares of SABMiller, representing approximately 1.5 percent of the issued share capital of the company for £1 billion. The placement was valued at £41.8 per share. "Following completion of the placing, Kulczyk Investment will continue to hold approximately 1.5 percent of the issued capital of the company and is supportive of the announced acquisition of SABMiller by Anheuser-Busch InBev," a filling read. The partial disposal of SABMiller shares by KI results from KI’s desire to implement the next stage of its strategy, which is aimed at increasing the diversification of investment risk and rebalancing of the Group’s asset portfolio. "The sale of part of our stake allows us to diversify our investment risk and implement the next stage of our new development strategy in accordance with the adopted schedule. Our focus now is on creating a sustainable portfolio of assets and we look forward to the successful completion of the SABMiller and AB InBev merger," said Sebastian Kulczyk, CEO of KI. Before the transaction, Kulczyk Investments was the fifth biggest shareholder of SABMiller, with nearly a 3 percent stake in the company. In October, Brewery giant Anheuser-Busch InBev (AB InBev) agreed to buy its main competitor SABMiller for almost £69 billion ($106 billion).