ASIA: ThaiBev confirms talks over Fraser and Neave stake buy
By James Wilmore | 18 July 2012
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ThaiBev, owner of the Chang brand, is in talks to acquire a stake in Fraser & Neave |
ThaiBev, sister company of TCC Group, has confirmed it is in talks to acquire a stake in Fraser and Neave and its subsidiary, Asia Pacific Breweries.
Oversea-Chinese Banking Corps (OCBC) and Great Eastern Holdings' (GEH) announced to the Singapore stock exchange on Monday (16 July) that they have been "approached with an offer" to sell their combined stake in Fraser and Neave and Asia Pacific Breweries. The filing did not reveal the mystery bidder.
But today (18 July), ThaiBev's president & CEO, Thapana Sirivadhanabhakdi, announced the company is "in discussions to explore the possibility of acquiring the shareholdings".
He added, however, that "no definitive binding agreement had yet been entered into".
Meanwhile, analysts Nomura has warned that Asia Pacific Breweries, the joint venture between Heineken and Fraser and Neave, could be broken up if the deal goes through.
Expert analysis
Asia Pacific Breweries Limited (A46) - Financial and Strategic SWOT Analysis Review
This comprehensive SWOT profile of Asia Pacific Breweries Limited provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
Sectors: Beer & cider, Mergers & acquisitions
Companies: Heineken
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ASIA: ThaiBev confirms talks over Fraser and Neave stake buy
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