Dutch brewer Heineken NV (HINKY.PK) is in discussions with its joint venture partner Fraser & Neave Ltd about raising its $6 billion offer for Fraser & Neave's stake in Singapore-based Asia Pacific Breweries Ltd, according to several media reports.
The reports said it is not clear that how much Heineken would raise its $40 per share offer for Asia Pacific Breweries.
Last month, Heineken offered S$50.00 or $40.00 per share to buy Singapore beverage maker Fraser & Neave's stake in APB. Last week, Kindest Place Groups, owned by the son-in-law of Thai billionaire Charoen Sirivadhanabhakdi, has offered to buy 7.3 percent of Asia Pacific Breweries from Fraser & Neave for S$55 per share.
Fraser & Neave and Heineken share a 50-50 joint venture that owns 64.8% of APB. Fraser & Neave has a 7.3% direct stake in APB and Heineken 9.5%.
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by RTT Staff Writer
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