Heineken takes on Charoen with $6bn bid
- Published: 20 Jul 2012 at 15.42
- Online news: News
Heineken NV, the world’s third-biggest brewer, is preparing to offer as much as US$6 billion for Singapore-based Asia Pacific Breweries Ltd to block Thai billionaire Charoen Sirivadhanabhakdi from building his influence in the maker of Tiger beer.
Heineken, which owns 42% of Asia Pacific Breweries (APB), has proposed paying as much as S$7.5 billion ($6 billion) to buy out other shareholders in the Singapore company, including the 40% stake held by Fraser and Neave Ltd (F&N).
Thai Beverage Plc, controlled by Mr Charoen's TCC group, this week offered to buy a 22% stake in F&N, while a company owned by his son-in-law Chotiphat Bijananda is buying about 8.4% of APB. The Japanese brewer Kirin Holdings owns 14.7% of F&N.
AFP Photo
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