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[Breaking News] Heineken buys APB for USD4 billion plus

Rogue Trader

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Heineken agrees US$4b-plus APB takeover deal: report
Posted: 03 August 2012 1811 hrs

SINGAPORE - Global brewer Heineken has reportedly agreed a US$4 billion-plus deal to take control of Asia Pacific Breweries (APB) by agreeing to buy a stake in the Singapore-based brewer from partner Fraser and Neave (F&N).

A Reuters report quoted sources with knowledge of the situation as saying this.

"The deal has been agreed by Heineken and F&N's management, and the agreement will now go for approval by the F&N board and then be announced officially," said one of the sources, according to Reuters.

F&N has major soft-drink and dairy assets, book publishing and printing operations, condominiums, commercial property and serviced apartments, in addition to beer.

Heineken and F&N have been long-time partners in Asia. Heineken currently owns 41.9 percent of APB, while F&N holds 40 percent.

Kirin Holdings of Japan owns 15 percent of F&N and has been mentioned by analysts as a potential bidder for the Singapore group's assets along with Thai Beverage.

On July 20, Heineken offered S$50 a share for F&N's entire stake in APB.

Heineken's offer came after companies linked to Thai billionaire Charoen Sirivadhanabhakdi secured separate deals to buy a 22 percent stake in F&N and a 8.6 percent stake in APB.

Charoen's Thai Beverage has since moved to raise its stake in F&N to 23.9 percent.


- CNA/ir
 

Rogue Trader

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boo hoo hoo... Tiger kenna owned by angmors leow :( :(

1915_dead_tiger.img_assist_custom-320x260.jpg
 

The_Hypocrite

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I will take a heineken over tiger piss any day...hope fully this take over might result in better tiger beer...anyway i will still drink heineken
 

Rogue Trader

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Brewed in Holland. Distributed from Tuas.

That is why foreign beers are more expensive: there's an additional cost incurred for importing them.

Thanks..

Another very important factor is freshness. That's why I prefer the local brew wherever I travel (yes even had to resort to Kingfisher a few times).
 

Rogue Trader

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Laksaboy give wrong info. From APB website: http://www.apb.com.sg/heineken.html



HEINEKEN


heineken.jpg

Heineken’s consistent high quality, excellent craftsmanship and unique recipe since 1873 makes it the number one international premium beer in the world and is available in over 170 countries around the globe. Brewed using the original, unrivalled recipe invented three generations ago by the Heineken family, the 5% alcohol beer boasts of a fresh, fruity aroma accompanied by a mild bitter taste. Bright gold with exceptional clarity, Heineken is made using only the purest water, hops, barley malt and the famous “A” yeast, giving Heineken its truly distinctive flavour.
Currently, APB brews and markets Heineken in eight Asian markets including Singapore, China, Indonesia, Malaysia, New Caledonia, New Zealand, Thailand and Vietnam. Heineken is also imported into Laos by APB.
 
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