SABMiller Unit Delisting Does Not Alter Beer View

The decision by SABMiller's Ghanaian subsidiary Accra Brewery Ltd (ABL) to pursue a delisting from the Ghana Stock Exchange in the wake of difficult market conditions has not altered our view that beer sales in the country will grow very strongly in volume and value terms over our forecast period to 2014. The proposed delisting and shareholding jockeying is not expected to have a large bearing on ABL's day-to-day

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