CMS acted for long standing client, Kulczyk Investments, on the sale of 24 million ordinary shares in SABMiller plc (representing approximately 1.5% of SABMiller’s share capital), via an accelerated bookbuild arranged by Credit Suisse. The sale realised gross proceeds of £1,003,200,000 and represented the largest ever accelerated bookbuild in the food and beverage sector (and the second largest bookbuild in EMEA so far this year).

Kulczyk Investments is an international investment company, headquartered in Luxembourg, and focused on business opportunities in high growth markets.

CMS advised on all aspects of the placing, including the US securities aspects.

The CMS team was led by corporate partner, David Day, derivatives and capital markets partner Jason Brooks and US securities partner, Daniel Winterfeldt, supported by Stephen Hodgkins, David McCallum and Jennifer Poon. The in-house legal team at Kulczyk Investments was led by Justin Van Spall, assisted by Graham Cheeseman. Allen & Overy acted for Credit Suisse.

Lawyer(s)

Jason Brooks, David Day, Daniel Winterfeldt, Mr Stephen Hodgkins, Ms Jennifer Poon