SINGAPORE: Heineken builds stake in APB
Dutch brewing giant Heineken has moved to increase its stake in Singapore-based Asia Pacific Breweries.
APB said today (28 July) that Heineken has bought an extra 610,000 shares, taking its direct stake in the company to 9.53%.
Heineken and the Singaporean conglomerate jointly own the Tiger Beer brewer Fraser and Neave.
Asia Pacific Breweries has expanded its overseas operations this year and recently entered the fast-growing Indian beer market. In June, the brewer set up a joint venture in Andhra Pradesh, the country's largest beer market and in May acquired a 76% stake in Aurangabad Breweries (AUBL).
The brewer has also moved to invest in its Vietnamese business while forming a joint venture partnership with the Lao government.
Beer sales in Slovakia slid last year, according to recent figures....
Anheuser-Busch has stayed silent on reports in India that it has decided on a local venture partner in the fast-growing beer market....
South African Breweries is seeking a meeting with the country's competition watchdog next month to hold talks on allegations that it has broken competition rules on distribution....
Carlsberg has seen the head of its Italian business leave the company amid "tough" conditions in the country's beer market, the brewer said today (15 January). Carlsberg Italia CEO Claudio Riva has le...
Workers at a Campari production site in Italy have gone on strike to protest against the drinks group's plans to close the plant....
InBev's Bulgarian unit is stepping up its marketing investment behind flagship beer Astika, according to local reports....
Chile-based drinks group Compania de Cervecerias Unidas has reported a healthy rise in volumes despite a slump in domestic wine sales....
Some 50 Heineken jobs are under threat after the Dutch brewing giant said it would restructure its operations in southern Italy....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Whisky downturn slows Diageo's Scotch spend
- Beam Suntory, Edrington part ways in Travel Retail
- Pernod Ricard sees sales lift in Q1