Coca-Cola Amatil Stands To Receive About A$305 Million From SABMiller

Coca-Cola Amatil Ltd. (CCL.AU) said Thursday it stands to receive about A$305 million from SABMiller PLC (SAB.JO) if SABMiller's A$9.9 billion bid for Foster's Group Ltd. (FGL.AU) succeeds.

The company said that under amendments to the terms of its Pacific Beverages joint venture with SABMiller, announced in June, SABMiller has the right to acquire Coca-Cola Amatil's 50% interest in the company.

"Should the SABMiller acquisition of Foster's go ahead we believe this is a great deal for Coca-Cola Amatil and our shareholders as it represents a strong return on our investment," Terry Davis, group managing director of Coca-Cola Amatil, said in a statement.

He said the company would also have the opportunity to acquire some of Foster's assets - spirits, mixed drink beverages, soft drinks and a brewery in Fiji - at very low multiples under the deal.

-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com

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