{"id":13643,"date":"2012-07-20T04:07:55","date_gmt":"2012-07-20T04:07:55","guid":{"rendered":""},"modified":"2012-07-20T04:07:55","modified_gmt":"2012-07-20T04:07:55","slug":"Heinken-bids-for-Asian-beer-company","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=13643","title":{"rendered":"Heinken bids for Asian beer company"},"content":{"rendered":"

Dutch beer group Heineken announced a S$5.1 billion (US$4.1 billion) bid for Singapore’s Asia Pacific Breweries (APB) to boost its presence in the region’s booming alcohol market.<\/strong><\/p>\n

Heineken said it had offered to pay S$50 a share for APB parent Fraser & Neave’s (F&N) entire stake in the brewer, a premium of S$8 over its Thursday closing price.<\/strong><\/p>\n

Analysts said the move could trigger a takeover battle with Thai and Japanese investors for control of APB<\/strong>, which makes Tiger beer and other brands that are popular across Asia, including the Chinese market.<\/p>\n

F&N said in a statement it was considering the Heineken offer “which remains open for acceptance” until July 27.<\/p>\n

“There is no certainty that any transaction or agreement will be entered into as at the time of this announcement,” it added.<\/p>\n

Trading of shares in APB and F&N was halted at the Singapore Exchange on Friday after Heineken made its bid public.<\/p>\n

Heineken and F&N have been longtime partners in Asia.<\/p>\n

Heineken currently owns 41.9 per cent of APB, one of Southeast Asia’s biggest brewers, while F&N holds 40 per cent.<\/p>\n

Japanese brewer Kirin Holdings owns 14.7 per cent of F&N.<\/p>\n

Heineken said a takeover would give it direct access to a number of important markets including Cambodia, China, Indonesia, Malaysia, New Zealand, Papua New Guinea, Singapore, Thailand and Vietnam.<\/strong><\/p>\n

Heineken’s bid came after Kindest Place, a company owned by a son-in-law of Thai drinks tycoon Charoen Sirivadhanabhakdi, offered to buy an 8.6 per cent stake in APB for S$45 a share, Dow Jones Newswires said.<\/p>\n

Charoen’s own firm, Thai Beverage Ltd, which makes Chang beer, has also offered to buy a combined 22 per cent stake in F&N for S$2.78 billion<\/strong> from Singapore’s OCBC Bank and partners.<\/p>\n

“It’s all about the Asian growth story. The beer business is very lucrative in the region.”<\/strong><\/p>\n

Source AFP<\/em>
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Dutch beer group Heineken announced a S$5.1 billion (US$4.1 billion) bid for Singapore’s Asia Pacific Breweries (APB) to boost its<\/p>\n","protected":false},"author":1,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[],"class_list":["post-13643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Dutch beer group Heineken announced a S$5.1 billion (US$4.1 billion) bid for Singapore’s Asia Pacific Breweries (APB) to boost its","magazineBlocksPostCategories":["News"],"magazineBlocksPostViewCount":126,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"News<\/a>","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/13643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13643"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/13643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}