NETHERLANDS/SINGAPORE: Heineken bids for final 5% of Asia Pacific Breweries
Heineken is finally getting full control of the Tiger brewer
Heineken has taken the final step towards taking full control of Asia Pacific Breweries (APB) by launching a bid for the remaining 4.7% stake in the Tiger brewer.
The Dutch brewer said today (4 December) that it has made a mandatory unconditional cash offer of SGD53 (US$43) per share for the 12.2m shares in APB it does not already own. The offer, which is final, is open until 8 January, Heineken said.
The company will delist APB once it takes full ownership.
Last month Heineken announced it had completed its acquisiton of JV partner Fraser & Neave's stake in APB.
It brings to an end a long period of speculation around APB's future. Heineken had previously faced a battle for APB from Chang brewer ThaiBev, owned by Thai billionaire Chareon Sirivadhanabhakdi. However, after building up its stake in F&N, in what looked like an attempt to block Heineken's move for the brewer, the Thai firm agreed to the takeover in September.
This month, Tom Vierhile from Datamonitor considers the recent swathe of NPD in the shandy - or radler - sub-category....
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