Thursday, 19 July 2012

Heineken NV has bid for APB

SINGAPORE - Heineken NV has bid S$5.1 billion (US$4.1 billion) for Asia Pacific Breweries, offering to buy Fraser and Neave's stake and other ordinary shares it does not already own as a Thai billionaire competes for control.
The Dutch brewer will make a mandatory general offer for all shares of Singapore-based APB in does not own at a price of S$50 a share, the brewer said in a statement in Amsterdam.
Heineken has also offered S$163 million for F&N's interest in the non-APB assets held by Asia Pacific Investment Private Ltd, a 50/50 joint venture between Heineken and F&N.
The offer comes two days after companies linked to Thai drinks and property tycoon Charoen Sirivadhanabhakdi bought F&N and APB shares from Singapore's No 2 bank OCBC for US$3 billion.
That put pressure on Heineken to protect its investment in APB, with which it makes the popular Tiger beer.
Credit Suisse and Citigroup are advising Heineken. - REUTERS

No comments:

Post a Comment