/ / / / Heineken Unhappy With $1.6 Billion Bid on Tiger Beer

Heineken Unhappy With $1.6 Billion Bid on Tiger Beer

7/17/2012 12:43:00 AM , ,

image


Breaking news from Reuters:

Heineken, the world's third-largest brewer, warned it would act to protect its interests in Asia, after the founder of Thailand's leading beer and spirits group bid for a stake worth $1.6 billion in its partner in the region.

The Asia Pacific region is a fast-growing one for Heineken, where it brews Tiger Beer with Singaporean partner Fraser and Neave.

Billionaire Charoen Sirivadhanabhakdi, wants to buy a 19.2 percent stake in Heineken's Asian partner, from Overseas-Chinese Banking Corp (OCBC) (OCBC.SI) and its insurance unit, sources said.

If Sirivadhanabhakdi is successful, his entity will emerge as Fraser and Neave's (F&N) biggest shareholder, followed by Japanese brewer Kirin Holdings Co.

About MyBeer Buzz

Founder, owner, author, graphic designer, CEO, CFO, webmaster, president, mechanic and janitor for mybeerbuzz.com. Producer and Co-host of the WILK Friday BeerBuzz live weekly craft beer radio show. Small craft-brewer of the craft beer news sites and one-man-band with way too many instruments to play........Copyright 2007-2025 mybeerbuzz.com All Rights Reserved: Use of this content on ANY site without written permission is not allowed.

0 comments (click to read or post):

Post a Comment

Please leave a comment...I do moderate each comment so it may not appear immediately...and please be nice! You can also comment using Disqus (below) or even comment directly on Facebook (bottom).

Subscribe to: Post Comments ( Atom )