Heineken bids for control of Tiger Beer brewer

The Dutch brewer bids $4 billion for Fraser and Neave's stake in Asia Pacific Breweries, countering a move by rival ThaiBev.

Heineken bids for control of Tiger Beer brewer

Heineken has launched a bid to take control of Asia Pacific Breweries, the maker of Tiger Beer, in response to a challenge from ThaiBev last week. The Dutch brewer is offering S$5.1 billion $4 billion to buy out Fraser and Neave’s stake in the company, which would take its interest up to 81.6% and thwart its Thai rival’s ambitions.

The move did not come as a big surprise. On Thursday, ThaiBev and an...

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