Heineken gets green light to take over maker of Tiger Beer

Heineken has been given the green light to take over Asia Pacific Breweries, ending a takeover battle of several months with Thai Beverage.

Shareholders in Fraser and Neave voted in favour of Heineken’s €3.5 bn offer for its stake in the brewer of Tiger Beer. F&N owns almost 40% of Asia Pacific.
APB brews beer in 14 countries including China. The takeover will give Heineken a strong base in the region, where beer consumption is growing steadily.
The Financieele Dagblad points out this is the third major takeover by Heineken under chief executive Jean-François van Boxmeer. In 2010, the Dutch brewer took over Mexico’s Femsa for €5.3bn.
Two years ago Heineken and Denmark’s Carlsberg took over British brewer Scottish & Newcastle. The Dutch share cost £4.5mrd.
More on the ABP takeover
Is this a good move for Heineken? Have your say using the comment box below

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation