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Dutch brewer Heineken launches mandatory bid for rest of APB shares

Dutch brewer Heineken NV (AMS:HEIA) has kicked off a mandatory unconditional cash bid to buy the 4.7% stake it does not already own in Singapore-based beer maker Asia Pacific Breweries Ltd (SGX:A46), or APB, the suitor said today.

The offer, which was launched through the buyer’s unit Heineken International BV (HIBV), will stay open for acceptance untill 8 January 2013. The stake Heineken is seeking to purchase represents some 12.127m APB shares.

Heineken plans to delist APB once the procedure closes.

The offer comes about two weeks after Heineken completed the purchase of Singapore’s Fraser & Neave Ltd’s (SGX:FNN) direct and indirect stake in APB at SGD53.00 (USD43.50/EUR33.30)a share, bringing its ownership in the company to 95.3%.

Taking control of the Singaporean beer producer will provide Heineken with a more solid platform for growth in dynamic markets such as Cambodia, China, Indonesia, Malaysia, New Zealand, Papua New Guinea, Singapore, Thailand and Vietnam. With the deal, the company also adds the popular Tiger beer brand to its portfolio, as well as other regional and local brands, it has said.


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