SA News • Sep. 28, 2012
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Sep. 28, 2012, 3:54 AMHeineken (HINKY.PK) wins full control of Asia Pacific Breweries, in which it already owns 55.64%, after Fraser & Neave shareholders vote to sell its 39.7% in APB to the Dutch brewer for about $6.3B. The vote ends a two-month drama in which Thai billionaire Charoen Sirivadhanabhakdi threatened Heineken's plans. | Comment!
Sep. 13, 2012, 5:31 AMThai billionaire Charoen Sirivadhanabhakdi offers S$9B ($7.3B) to acquire the 70% of Singapore's Fraser & Neave he doesn't control in what may be an attempt to prevent Heineken (HINKY.PK) from acquiring F&N's 40% stake in Asia Pacific Breweries for $4.4B. Coca-Cola's (KO) may well be watching with interest, as it's reportedly interested in F&N's beverages operations. | Comment!
Aug. 2, 2012, 3:57 AMCoca-Cola (KO) is reportedly considering a bid for the beverage ops of Singapore’s Fraser & Neave, which include F&N’s dairy and soft-drinks divisions and could be worth up to $3B. The speculation comes as a battle between Heineken and Thai billionaire Charoen Sirivadhanabhakdi for Asia Pacific Breweries, in which F&N owns 40%, nears a climax, with F&N set to decide on a $4.1B bid from Heineken for its holding. | 3 Comments
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Fraser and Neave, Limited ("F&N" or the "Group") had its origins, more than a century ago, in the spirited decisions of two enterprising young men, John Fraser and David Neave, who diversified from their printing business to pioneer the aerated water business in Southeast Asia in 1883. From a... More
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