More Beers

With a quick M&A deal, the world’s second-largest brewer cements position in the Asia Pacific by scaling up presence in the beer and cider market down under.

The Dutch brewer is trying to catch up with rivals AB InBev and Carlsberg in China but investors may remember SABMiller how teamed up with the same Chinese beer maker, and struggled. Meanwhile CR Beer has finally sealed a premium beer license.

SABMiller offers $11.9 billion to take over Foster's, but the Aussie brewer's board holds out for more.

The Dutch brewer says it has bought a further 2.7% in Asia Pacific Breweries through open-market transactions.

Facing a challenge from ThaiBev for control of Asia Pacific Breweries, Heineken has reiterated the superiority of its offer, despite a lower price per share.

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