Brewer SABMiller Full-year Profit Down 7 Pct

Under the deal, Kulczyk Holding will take up 60 million new shares in SABMiller, representing 3.8 percent of the issued share capital of the enlarged entity.

Standard & Poor's said that while that was relatively modest, the equity-funded nature of the transaction make it credit positive.

"This is because SABMiller would obtain the benefit of full control over the operating cash flows and assets," it said in a note.

SABMiller shares closed up 0.9 percent at 1,231 pence in London.

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On the Net: http://www.sabmiller.com/