SINGAPORE: Heineken tops up Asia Pacific Breweries stake
Heineken has upped its stake in APB again
Heineken has raised its direct stake in Asia Pacific Breweries (APB) to 13.16%, the brewer has announced.
The Dutch group purchased 845,000 shares, 0.33% of APB, in the open market at SGD53 per share, it said yesterday (27 August). This comes after Heineken increased its interest in APB to 12.18% last week.
The brewer is battling to gain full control of APB and earlier this month submitted a "final offer" to Fraser & Neave (F&N) for its share in the Tiger brewer.
A separate holding company, Asia Pacific Investment Pte Ltd, which has around a 65% direct stake in APB, is jointly owned by Heineken and F&N. The Singapore conglomerate also has a 7.3% direct stake in the JV.
If F&N shareholders approve the Heineken deal, the brewer's overall direct and indirect interest in APB would rise to 85.23%. Heineken would then make a mandatory offer for the remaining shares in APB.
The Dutch group is facing a potential challenge for control of APB from Chang brewer ThaiBev, which has been building up its stake in F&N recently and is the conglomerate's biggest shareholder.
Environmental sustainability remains one of the most active areas for the global drinks industry. This year, just-drinks returns to the subject with four separate management briefings, one per sector....
In the second part of this management briefing, which looks at environmental sustainability in the brewing sector, Ben Cooper looks at the role played by sourcing ingredients locally....
The fourth and final part of this month's management briefing, which looks at the efforts of the brewing world in the environmental sustainability arena, considers the work of Heineken, Molson Coors a...
Heineken has a "low appetite" for China's mainstream beer sector and will continue to concentrate on the premium end of the market, the head of the Dutch brewer has said....
- Heineken goes from strength to strength - Analysis
- Key trends for the alcohol category in 2017
- Key trends for the beer category in 2017 - Focus
- Heineken 2012-2016 - results data
- Heineken FY 2016 by region - results data
- Non-alcoholic Heineken set to hit Europe - CEO
- Beam Suntory revamps Bowmore whisky packaging
- Rum braced for falling volumes in years ahead
- Bacardi lines up Canadian bottling plant closure
- Asahi Group lifts 2016 sales, profits
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends