Skip to content
Subscriber Only
Business
Pursuits

Heineken Bids $6 Billion for Asian Brewer to Block Thai

Heineken NV, the world’s third-biggest brewer, offered as much as $6 billion for full control of Asia Pacific Breweries Ltd. to prevent one of Thailand’s richest men from muscling in on a vital emerging-market asset.

Heineken, which owns 42 percent of APB, said today it will seek to acquire the outstanding shares in the Singapore-based maker of Tiger beer, mainly a 40 percent stake owned by Fraser and Neave Ltd. Fraser & Neave, or F&N, said it’s considering an offer from the Dutch company, though there’s no certainty that an agreement will be reached.