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NETHERLANDS/SINGAPORE: Heineken bids for final 5% of Asia Pacific Breweries

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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.

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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


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