Heineken moves a step closer to Tiger brewer acquisition

03 August, 2012

Heineken has reached an agreement with the board of Fraser and Neave to acquire F&N's interests in Tiger brewer Asia Pacific Breweries for $50 a share.

Heineken made a move on the Tiger brewer last month

Heineken's offer is "to acquire, either directly or through a wholly-owned subsidiary, F&N's direct and indirect interests in Asia Pacific Breweries Limited as well as F&N's interest in the non-APB assets held by Asia Pacific Investment Pte Ltd". 

The board of F&N has agreed to recommend to the shareholders of F&N to vote in favour of the proposed transaction at the relevant shareholders' meeting.

The agreement is subject to successful negotiation and execution of definitive transaction documents between Heineken and F&N.





Comment

Dominic Roskrow

Rum's time to shine

Who would have thought it? After decades of dabbling on the margins of the fashionable bar trade, rum is enjoying its most successful spell in the limelight since the early ’90s, when spiced rums swept all before them.

Click for more »

Events

Facebook

Twitter