Sharechat Logo

DB Breweries chief stays mum as parent APB comes into play in Singapore bid

Friday 20th July 2012

Text too small?

Export Gold brewer Dominion Breweries' is caught up in a bidding war involving Asia Pacific Breweries, its Singapore-based parent company, after Heineken bid $5.1 billion for control with an offer to buy all of the shares held by partner Fraser and Neave for S$5.1 billion.

That trumps a S$3 billion offer from Thai billionaire Charoen Sirivadhanabhakdi. Shares of Asia Pacific are halted, having last changed hands at S$42, which values the entire company at S$9.8 billion.

Fraser & Neave owns 40 percent of Asia Pacific and Heineken already holds 42 percent. The play could become wider as Japan's Kirin Holdings also owns about 15 percent.

The deal would give Heineken control of the Tiger beer brand as well as simplify control of brands licensed to DB in New Zealand including Heineken.

DB Breweries managing director Brian Blake declined to comment on the offers. DB brews Heineken under licence along with Amstel and Tiger. Its biggest domestic brands are Tui and Export.

BusinessDesk.co.nz

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut
RBNZ knock-back gives Resolution chance to low-ball AMP - Jarden
Rail hubs may not boost Napier Port log trade
O'Connor looks to overhaul Biosecurity Act, improve animal tracing
Denton Morrell undefended at liquidation hearing
Contact steam to heat Norske Skog pellet business secured
Air NZ to amend booking engine after lawyer’s complaint
Ross McEwan to take helm at NAB
KPMG says bank capital proposals will wreck havoc on dairy farmers
Mild weather saps Vector's June-qtr volumes

IRG See IRG research reports